Re: FARNUM

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

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

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EB Farnum

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Re: FARNUM

in response to

Re: FARNUM

nickel77

posted on Aug 17, 2010 04:48PM

Nickel77,

I agree, sticking to the facts is a proper way to look at things. And you are right; LBE has to perform to pay off the debt. That’s the first time I have heard you admit it. IMHO, without very high Nickel prices, LBE does not stand a chance. Even then its touch and go.

As I said many times, everything has to go just right and only small things go wrong to derail any chance at profitability. Missing 23% of production like back in April will certainly do it.