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

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

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Message: Care and Maintenance.....
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Oct 31, 2008 04:37PM

Mikey sorry to see this happen, but in the back of my mind and I am sure many others, I wondered how long can any company last given the minimal cash position and the price of Nickel. I think that this move comes on the heels of last week's announcement and should really be no surprise as Gary had stated they were going to monitor the situation closely and act accordingly.

What is next is a very good question. IMHO The plan to find a partner should not be a problem as LBE is rich in assets and was so close to seeing major production. Heck what's left but to buy time. Thats how close thing were to fruition. This is an unfortunate set of circumstances and I am sure there will be solution that can be attractive to all involved. There are many possibilities as mentioned in the release/update.

The company and most in the commodities are essentailly at the mercy of the markets and the shifting prices of their product. The swift turn in the markets is such a huge external and none of us can control that. This is a sign of the tough times we are all in.

As stated in the release, you guys have done well getting this far. I think that the future can only get brighter. GLTA!!

"We are very proud of the accomplishments of the Liberty team during the last three years having put two mines into operations; permitted and built a new 2000 tonne per day mill in sixteen months; and the discovery of the large sulphide pool at the Hart deposit (see March 13, 2008 press release)."

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