Re: First Qtr Fin Statements

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

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

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Sarlock

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Re: First Qtr Fin Statements

in response to

Re: First Qtr Fin Statements

Wanderer5

posted on May 17, 2010 02:41AM

"Sarlock we appreciate your input into our financial statements."

Thanks Wanderer. Long ago I calculated ultimate production costs to be around $4.00/lb cash cost and $7.00ish total cost (non cash costs included). With nickel holding above $9.00, Liberty should do alright. Nothing huge on the profit front, but cash flow should be solid and sufficient to slowly burn down existing debt and squirrel away money to fund future expansions, drilling, etc. Nice to see Liberty struggling to get back on to its feet again.