Re: Liberty's Nickel Concentrator
in response to
by
posted on
Jul 21, 2010 09:58AM
Producing Mines and "state-of-the-art" Mill
It's funny, there seems to be a disconnect between the Liberty that is and the public perception of it. It does not help us with what goes on amongst the boards. We just have to think of lots of press release days and the people that have posted on the boards. Many people never post.
Our last press release gave us some numbers that we could work with for the month of June.
32,500 tonnes 00.42% Ni equals
(32500 X 2205 X .8 recoveries X8.50 X .75 X .42)/100 = 1,535,010.75 USD
(16,278 X 2205 X .89 X 8.50 X .75 X 1.17)/100 = 2,382,679.87 USD for a total of
$3,917,690.62.
So, I look at future earnings and does Lbe have the ability to generate cash?
This is the summer time and it is hard to sit and just watch a stock. It is especially hard reading what is posted sometimes but 90% of what you read on these boards is unsubstantiated. What has a majority shareholder enabled us to do? This time last year we were not even in production. Up until Xmas time we were just producing from Redstone. Our financings have been from short term loans in the last year. Try getting a financing at 8 cents a share! What kind of dilution are you looking at? Our financial statements reflect alot of debt and outstanding shares. These are negatives that investors look at. As we pay down our debt and have increased cash flow our statements are going to get stronger. For shareholders (and this is only my belief) we just have to have patience and not give up. People buying now are waiting for those who want to get out. My opinion is just one opinion and it can go in file 13 no problem!
I look at Hart and we will soon have the Lease. Amendments are in for the environmental permits to reflect a third mine.