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

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

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Message: Re: Third Quarter Debt Repayments
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Sep 21, 2010 02:10PM

I can't speak for JJ, but given that they have both debt and equity investments in LBE, they will be extremely flexible with debt repayments -- I'm sure they'd much rather see the cash go in to expansion of operations/growth than repayment of principle... either way, JJ will share in the success of the company. As long as nickel remains over $10/lb, JJ will receive a nice return on investment - no way they want debt repayments to slow growth.

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