Re: Amusing
posted on
Apr 15, 2008 08:15AM
Producing Mines and "state-of-the-art" Mill
I have no problem with the comments made by Agoracom poster Liberty regarding the ISM Brochure. As a matter of fact, it was the statements by ISM management in the new brochure that confirmed what I have been suspecting for over a year; ISM is going to have a very difficult time proving the resources that many of their investors are relying upon.
ISM is letting shareholders know ahead of time not to expect the millions upon millions of tonnes of economically recoverable ore from the L-1 and L-2 mines that many ISM shareholders have been raving about. For example, numbers ranging from 20-100 million tonnes of economical recoverable ore in each of the L-1 and L-2 mines have been written about regularly for the past two years.
Does ISM management know what they are doing? The concern is that if they truly believe that they have the millions upon millions of tonnes of economical ore that they say they have, why has ISM held off for such a long time in releasing a NI 43-101 resource calculation on its properties? I would hope that ISM management releases a 43-101 over the next 6 months. I phoned ISM over a year ago and was told that ISM would put out a resource calculation over the next six months; we're still waiting. ISM's comments in their new brochure regarding the size of their potential ore bodies are no where near to the size that so many investores of ISM have been writing about and expecting.
Investores of any company can state opinions on any site or wherever they choose to. At times we have all been guilty to some degree of personal comments; however from what I have seen so far on the Agoracom site, this has pretty well been maintained and kept under control. With the share price drops from the highs of both companies over the past year, there will always be those that have to vent their frustrations and at times that is what these anonymous boards are for.
I have absolutely no intention of refraining from asking questions or sharing infromation about LBE, ISM, or any other company in the Shaw Dome if I believe it may affect my investments or be helpful to others.
Best
Nickel77