It's strange, we have had RBC selling Lbe shares since mid Jun. We have experienced institution sell off before and know that it often results in a downward spiral in sp. It's hard sometimes watching the downward pressure on the part of your portfolio that Lbe represents. I find myself looking toward what has been accomplished and where we sit in the timeline. Our last press release told us we are finally at the high grade ore. We cannot see the result because as shareholders we are always between 6 weeks and 4 1/2 months behind in seeing results. (Simply where we are sitting behind in the accounting cycle.) In McWatters 15.8 million dollars has been spent on Exploration and Development. It cost us $650,851. to buy it. Buba Bob did an interesting post back 10 Apr 2010 in SH. He did a Sensitivity post from Ni at $7 to Ni at $15. At $7 Ni Cumulative Cashflow would be $17.8 Million and at $9.50 Cumulative Cash Flow is $44,480,202. At $12 it would have been $66.3 Million and at just for fun $15 it would have been $95 million. Currently Ni is at $9.35. Buba Bob used the calculations that SRK used to develop this spreadsheet. Excel does not reproduce well on Agoracom hence it was never posted here.

Gary is right now working on getting government approval to increase mill capacity to 2000 tpd although he plans to run the mill at around 1800tpd which is where the machinery runs most efficiently. All the environmental, water etc permits are done in company. Some companies would farm out these jobs for sometimes up to $100,000. Lbe has the expertise in house to go through the mass of paperwork with a minimum of hiring out to outside consultants. So when we think of salaries - sometimes you need to think of the extra jobs that are taken on.