EBF off topic?
posted on
Aug 13, 2010 11:02PM
Producing Mines and "state-of-the-art" Mill
EBF,
“I still don’t understand what the .4% = 4.0% means.”
Yes EBF, we understand you don’t have a clue about percentages; there is no need to further embarrass yourself with your comments about the numbers above. You have also shown us conclusively that you have no clue when it comes to estimating what ISM might have proved for financially extractable Ni resources from the long awaited Independent Micon Resource Report. “A BILLION POUNDS” of financially extractable Ni” How did you ever come to that conclusion? How can a person be so far off with publicly released drilling information at hand?
Now you reply back that discussing ISM issues is somewhat off topic on the LBE forum. How convenient! That is quite comical; as even on the ISM forum, ISM issues seem to be off topic these days. Not one person wants to address any issues of any sort regarding ISM concerns, including ISM management or their IR firm! That says a lot about the credibility of what your investment is all about.
EBF, it is common knowledge that LBE management answers all their phone calls and messages. As you seem so skeptical of anyone’s opinions from this site, who better than LBE management is there to answer Tantallons questions. As I mentioned once before to someone on the other site; I know this might sound all foreign to you, but if you have ever invested in more than one company, you would have known it is just the norm that managements and IR always respond to their shareholders concerns. The information you seek is on the other end of the LBE phone line. Try it sometime and you will get the answers you are looking for.
I might add that it was not my post that brought up the suggestion on the LBE forum that LBE might somehow be interested in any resource of the ISM L-1 property. “With that 2000 t/day mill I wonder if they will be looking for more ore down the road. ISM has Langmuir 1 which is essentially turn-key is just waiting to be re-entered. Langmuir 2 North zone needs more drilling and has not proven itself yet”.
EBF, for your information ISM has not proved up 1 single pound of economically extractable Ni from the L-1. If it has, please provide the technical report that says otherwise. The management of ISM has spent over 4 years trying to figure out how to apply for a simple dewatering permit without success. By your own admission, you now realize ISM has no where near the financially extractable ni resources to invest in building their own Mill; something the market already figured out 6 months ago. In my opinion, the stock you have bashed for so long is now sitting in the driver’s seat when it comes to what ISM might be able to do with the L-1. While you are on the phone with LBE management, it might be a good time to question them about any interest they may have in the L-1. Please report back what LBE has to say. I am sure all ISM investors will be very interested if LBE has any interest or not!
While you are at it, you might as well ask LBE if they have some interest in the L-2. Personally I think it is a lost cause and the simple fact ISM had to restate their comments in one of their A.I.F.s by having to take out the comment that they could Open Pit within their current boundaries to two hundred meters without encroaching on others property said about everything one has to know. Face it. L-2 is a dead horse. L-1 might someday prove up a financially extractable resource similar in size to the McWatters Mine.
You want your concerns addressed. Phone and talk to LBE management. It is as simple as that.
Best
Nickel