Re: May 25, 2011 Deadline

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

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

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Legend7

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Re: May 25, 2011 Deadline

in response to

May 25, 2011 Deadline

tantallon

posted on May 17, 2010 03:11PM

Thanks for the apology Tantallon it just drives me nuts when people come on here without doing enough due diligence and pretend to know everything.

Time will tell about what LBE can pay off but when I looked at the last quarter financials I can see LBE turning the corner considering they were only at 850 tonnes a day for the month of March and much lower for January and February it gives me more confidence that LBE will be able to pay off all of there debt and they will be able to pay off all of the $17,497,777 plus interest by May 25/11.

My ONLY concern right now is Nickel prices they are the biggest variable in this investment if they stay above $8 LBE will be ok with repaying most of the debt in the next year if Nickel can get about $10 and stay there then we will have everything paid off in the next year.