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

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

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Message: TSX & -ve SP

Re: TSX & -ve SP

posted on Jul 02, 2008 03:43PM

And how much was the TSX down today? Over 400. I wasn't around today but we know that this is a matter of waiting. The guys were impressed with all the infrastructure that is in place now. The simple fact is that preproduction is not ready yet. We are within days of starting the sill. It does not matter what I say now. I have the patience because I know that is what I have to have. There are people invested in Lbe who have a great number of shares. I met some of them and the simple fact is this is not an instantaneous story.

For every seller there is a buyer and today there were some large lots bought and sold. Maybe if you sell you will make back your money elsewhere. Maybe you will not too. It really burns me when I look at GCR and I think of what they are saying and I realize what we have. There is value here and we are getting so close. I find myself moving farther and farther from this computer and moving more to the daily chores that still have to be done. I remember millright once telling me that sometimes the best thing you can do is shut off the computer and do other things. I still believe in this philosophy.

I am a hub leader but trueth be told I am just like everyone else. I have read about this company to death and I just have to accept the risk I have taken. It is a risky world out there. Nothing is a given, nothing is for sure but we are building a mine and until we get into increasing our production the risk is there. On the other side of the coin, time is passing, people are working and this mine is being built. Timelines have been broken - problems have been addressed. We had water problems - it took about 8 days and they solved it. We had fault problems - they solved it. This has just been a tough job. The bottom of the line is they said it would take about 2 days to get to the point of starting the sill. It is not done yet but we are moving forward. Give it a little more patience.

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