Blue, i see how easy it is for some to take things out of context. Gary was refering to the ni price in the $ 7.00 range as a target inorder to down size debt. LBE seems to have attracted some of BNN style of reporting............

If nickel prices continue to rebound from last year's lows--nickel currently trades for about $8 a pound in London--Nash says Liberty will slowly buy back the preferred shares, reduce its debt, and get back into growth mode.

The first step is a scheduled restart of the shuttered Redstone mine, slated for this week. The second is a gradual increase in production, provided nickel prices continue to firm up.

"With the production we anticipate next year--when we see nickel prices (averaging) in the$7 to$7.50 area--we'll be able to pay back our commitments, and be in a nice solid position. In the longer term, we'd like to do some further deals together with acquisitions, and continue to build the company."..