You read the news about Liberty Mines below...and you think about the fact that Noront can mine the nickel for MINUS 71 cents due to the copper and platinum credits.

You think about Liberty's news and how the CURRENT price of nickel is affecting production worldwide.

You think about the eventual turnaround that will come when supply of nickel will surpass demand and you wonder about the price of nickel then.

You think about Noront mining in 2016. A very nice time to begin. You think about the price of nickel then...and the minus 71 cents and wonder what the share price of Noront will be then...

Liberty suspends Ontario nickel production

Liberty's decision is designed to preserve nickel ore for when base metals prices improve, and production becomes economically viable.

Liberty Mines Inc. (TSX:T.LBE, Stock Forum) said that effective immediately it has temporarily suspended production activities due to a low nickel price environment, which has declined by more than 25% in the past six months.

The Redstone mine and McWatters mine, located near Timmins Ontario, will all be suspended as a result of the company’s decision.

"Clearly, we are disappointed that market conditions and commodities prices have not kept pace with Liberty's turnaround since the start of the year," said Chris Stewart, President and CEO. "Our decision to suspend production temporarily is not being taken lightly, but is ultimately in the best long-term interests of our investors and strategic partners. In the interim, we are making every effort to reduce costs and update our go-forward strategy."

According to the press release, the company will move all of its assets into a care and maintenance mode effective immediately. This will enable Liberty to protect its assets, and keep them in a ready state so that viable production can easily be restarted when the price of nickel has recovered sufficiently.

To reduce short-term cash requirements, Liberty has also decided to temporarily suspend its exploration diamond drilling activities until further notice.

Liberty is a mid-tier producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada.

On Tuesday, Liberty’s stock was down 24% and was trading at $0.065 a share. The company has a market cap of 13.4 million, based on 206.5 million shares outstanding. The 52-week high and low was $0.22 and $0.065 respectively