check out the MDA report from nov 07'?
it's on sedar.com
tried to post it here again but either my computer skills are too suck or agoracoms server is too weak....
in any case, it's the most comprehensive info on LC to date....
my answers to your ?'s are:
1. expect to lose 100%....everything else is gravy..
2. no connection between LB/LC other than the VENZ asked us to share some infrastructure (i.e. airstrips, water) awhile back....also doug b. has been trying to grab some LC action....cant blame him...
3. depending upon the kry PR you read and who said it.....it will take 6-24 months to produce once a permit is granted depending upon financing and the time of year it is granted (rainy season).....my take is a minimum of 9 months....
good luck, and welcome to the circus.....