Traps,

The extra details in the April 24th News Release regarding an upgrade in the McWatters Mine ore body to more than double the current size is very promising. If LBE can step up production to 1800 Tonne/day along with a little cooperation in Ni price, then the company should have a very realistic chance of “significantly reducing”, “ if not re-paying” the loans over the next two years. Once this financing closes and LBE gets back trading again; and with the other prospective properties LBE has in its portfolio, we should have a steady stream of good news over the coming year that should support a an increased share price. LBE is in a very unique situation compared to most others in that is has is own Mill that will be no doubt be a huge benefit.

It has been a very tough year for all LBE shareholders, as well as shareholders of many other companies. I have every bit of confidence that LBE will get back on track and reward shareholders.

Best

Nickel77