Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: McWaters Economics

..i see in the report a $ 5.80 ni cost is required with a $ 1.00 canadian at the high. I also see the cut off of .25% for the open pit with .54 % and .64 % at the lower level as target grades to meet. I see their is knowen reservers near by that only require $ 300,000. to prove up and extend mine life. I see these low ni grades being increased by 30% as previous drill core has proven up the higher grades. I guess mining i s always subject to risk but this low hanging fruit is a good place to start. I guess once LBE proves up some cash flow the market might step in and purchase some flowthrough shares to help step up drilling. I also see with the help of a gravity circuit we could lower our cost by capturing the pm groups. LBE has a few moves to help stick handle around unforseen situations going forward. Traps7

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