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

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

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Message: Re: From the news release from

Apr 07, 2008 10:44AM

From the news release:

"EDMONTON, ALBERTA - April 4, 2008 - Liberty Mines Inc. (TSX:LBE - News; "Liberty or the Corporation") is pleased to announce the results of operations for the first quarter ending March 31, 2008. Production of 18,474 tonnes from the Redstone nickel mine near Timmins Ontario slightly exceeded the quarterly target by 2.6%; 19, 067 tonnes of ore grading 1.9% were processed through the floatation circuit to produce a concentrate assaying 16.4% nickel. The concentrate was shipped to Xstrata Nickel in Sudbury for further processing."


19,067t x 1.9% = 362t x 90% recovery x 77% return from Xstrata x $28,000/t Avg Q1 Ni price = $7mm in revenue.

I think you'll see a Q1 financial statement very similar in appearance to the Q4-07 financials. Around the same cost/t and a similar bottom line. Q2-08 should be a bit higher in revenue, but not much.


Apr 07, 2008 12:48PM

Apr 07, 2008 01:54PM

Apr 07, 2008 03:03PM
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