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

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

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Message: Article - Banks will soon put subprime behind them: analyst

Re: Exploration vs Near Term Producer

posted on Sep 02, 2008 09:00AM

"It's not really the nickel price that's killed LBE's share value. It's unfullfilled promises like this."

Precisely. We all know the reasons for the delays, but delays are delays and they hit the share price hard. Especially when, if we had actually hit production with McWatters in summer of 2007, we would have enjoyed a few months of high nickel prices and brought in a lot of cash. That represents many millions of dollars left on the table.

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