12/2/2009 12:40:15 PM | | 63 reads | Post #27691139

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Drill.... suprisingly enough... the market once again doesn't seem to agree with you. I can't imagine why.

Must be because LBE has:

1. Financial backing with a great partner JJ who has supported our developement goals since back in 2005
2. McWatters mine expected to announce commercial production by Jan 1st (already producing ore)
3. Harte mine in latter stages of permitting and expected to begin portal development later next summer. Yes..mine #3
4. Mining Redstone at increased production and less cost (as Northboy has pointed out)
5. Managment has been working towards releasing new up to date resource calcs after taking the time last year to examine the lowest cut off grades possible to mine for a profit.. which should increase our resource sizes/mine lifes.

JohnE asked about the Redstone shaft.. if you look back John.. that project was put on hold as soon as the Harte property turned into a minable resource. Hart. is now priority due to the size of its resource which I'm sure will also be expanded once cost effective drilling can take place from inside the soon to be mine.

Have a great day all.. GL to all the longs.. well deserved... . and thanks to all of Gary's and managments hard work throughout the world market meltdown of last year. Looks like their hard work is finally starting to be notice by the market.

Quaz