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

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

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Message: Re: First Qtr Fin Statements
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May 13, 2010 04:27PM
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May 14, 2010 02:51AM
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May 14, 2010 08:13PM
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May 16, 2010 10:28PM

"Sarlock we appreciate your input into our financial statements."

Thanks Wanderer. Long ago I calculated ultimate production costs to be around $4.00/lb cash cost and $7.00ish total cost (non cash costs included). With nickel holding above $9.00, Liberty should do alright. Nothing huge on the profit front, but cash flow should be solid and sufficient to slowly burn down existing debt and squirrel away money to fund future expansions, drilling, etc. Nice to see Liberty struggling to get back on to its feet again.

Haven't visited much in the past year... good to see not much has changed :)

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