Re: Update
in response to
by
posted on
May 08, 2010 05:35PM
Producing Mines and "state-of-the-art" Mill
EBF/ TPB
The company has been very open in keeping Shareholders updated to when they will reach full production. Most here are well aware the first and second quarter results will not show much of a difference in financial results, as LBE is still only at partial production. It is well acknowledged that development on McWatters underground and the Open Pit is still taking place and will not be complete till near the end of this month. The recent update yesterday confirms to shareholders full production should begin May/June sometime.
As Quarters 1 as well as Quarter 2 will not give much of an idea of what LBE is capable of doing, I would think the 3rd Quarter, July Aug and Sept to be the real financial test for LBE. Those numbers will be out in the beginning of November sometime.
In my opinion, your concern at this time is suspect when you are well aware LBE is not at full production. Maybe you should use some of your energy in writing the company you are invested with and get them to update shareholders by putting out the results of the Micon Low Grade Recovery % Resource numbers; you know the Major part of the Resource mentioned in the Ni 43-101. That would really give you some numbers to keep busy with.
Best
Nickel77