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

As Bluenoser says

"We know we have ore, we have to get it out of the ground, process it and sell it. Nothing has changed there."

A year ago we were seeing the mill built. Now they are upgrading the mill to handle more ore and improve the recoveries. Gary is already talking to a company about milling their ore.

A year ago we were looking at just cow pasture. This year we have already delivered a feasibility study on McWatters and a defined resource as well as delivered a resource for the Hart property.

Our insiders have not been selling. They have been taking this hit just as much as us. What insider information do they hold that keeps them working just as hard and has stopped them from selling? I believe it is the belief in the geology of the property.

Yes, the cost of oil is going up. Last year it was Ni at all time record highs. We know what the news is saying and we also know what happened to the price of Ni. We watched gold being played with - everything is just another commodity.

Last year - the goal was to meet the requirements of the TSX. It is just one step. This year is the year of geology. Proving up the resource and publishing it. For all extent and purposes we should have not built the mill last year untill we had the resource proved up. Well, the opportunity arose and it was grasped. In this last years we have been putting together the pieces of the puzzle. The framework was easy - the properties. One corner of the puzzle was Redstone - it gave us some cash. The mill is central to it all. McWatters was just another corner and we are just missing a few pieces but very soon it will be complete. Hart is another corner. It joins to McWatters and shares some of the infrastructure. Leases and permits are already being worked on. The design of the mine is already being designed. The resources are here. Look at the work of ISM and GCR. There just hi-lite the geological potential that we have. We are taking the greatest risk but we also face the greatest reward. It is just taking time.

Hang in there guys - I am and others are too.

Why are others holding on? What got you interested in Lbe and why are you holding on?



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