Tantallon, a central question about any company you want to invest in is about the cash flow of a company. Central to that question is what will be the price that we will get for our Ni.

We as shareholders believe that Liberty will work toward paying off the preferred shares. That is what Gary Nash has said in his Press Releases and that is what JJ has said that they wish to have done (also in a Press Release). I think your presumption about a $5 stock is ambitious right now. I think a goal of $1 or $2 is more realistic as short term goals. The financial picture of our statements has to be fixed up first. Short term - we have a 3rd Ball Mill to get commissioned, production to get ramped up to 1800 tpd from the last announced 829tpd. When you approach a project you have to give yourself attainable goals. Liberty has given us production numbers so that we can run our own numbers.

If you have all those doubts about Liberty then I am sure that you are not invested in Liberty. Why post on a board you own no shares? Maybe you should do your DD on a project that can meet your expectations. There are many choices out there that could better meet your goals.

A year ago we were looking at bankrupcy. It takes time to turn around a company. First we have to turn around the drain on cash and make ourselves cash flow positive. We look around at Greece, Great Britain, United States, Portugal and see that financial problems have to be worked on. Gary Nash and many of our workers are shareholders and they have a vested interest in improving our financial status. Our land package has great potential but that potential can only be valuable if it can be proved to be economic.

I know for myself, I value seeing some updates put out there and I look forward to seeing the next statement.