I think everyone is anxious to get the preferred shares paid off and until it happens we all(as shareholders) face the risk of dilution. The news about Hart is encouraging. Two years ago we were excited about the 4-5 years potential life it gives of ore to feed the mill. From the UPDT

"Hart Mine

Commercial production from Hart is tentatively scheduled for Q3 2011 which would provide a continuous supply of ore to the Mill."

Then we got the exploration UPDT. Would it not be nice to find another pod like McWatters. All the permitting is in place and if successful an amendment can be made to the permits and we could have a second resource in place to extend the McWatters mine. Only drilling will prove it up and further study will determine if the target is economical. It still is interesting news.

"Exploration Update

Liberty has determined several prospective targets from specific geophysical surveys performed on its Shaw Dome Nickel Belt properties, one of which is discussed below. During development of the 155m level of the McWatters mine, a pentlandite vein grading 13%-19% nickel was discovered which dipped downwards to the west and east of the floor of the drift.

This is interesting as the nickel bearing ore at McWatters is generally heazlewoodite thought to be associated with an intrusive event as discussed in the recent feasibility study. Pentlandite is the ore found at Redstone and Hart known to be associated with extrusive komatiite flows which form nickel bearing "pods" under certain physical and chemical conditions. This vein and the associated komatiitic flow may be responsible for a unique geophysical signature located about 70m S.W. of the McWatters orebody.

From a search in the Ontario Geological Survey database, a log of borehole 62-13 was found which was drilled by McWatters Gold Mines in 1962. The location of the borehole was overlaid on the geophysical anomaly and appears to be near the western edge of the target. The core contained 199 feet (60.65m) of mineralization grading 0.428% Ni with the bottom interval of 51.8 feet (15.8m) grading 0.65% Ni. The borehole was drilled at a 50 degree dip and terminated at 249 feet (75.9m) in mineralization due to the end of the contracted amount of drilling (vertical depth of the borehole was approximately 58.1m). The historic drill data strongly suggests the geophysical anomaly is nickel bearing with grades similar to the McWatters orebody at the same depth. A phase one drill program is now underway to further investigate the anomaly with the goal to extend the McWatters orebody.

This exploration program is supervised by Liberty’s Chief Mine Geologist Richard Allard P. Geo., a qualified person as defined by National Instrument 43-101 "