EBF I hope you read your words of wisdom carefully. Mining is a big if. Investing in exploration companies is just as big an if as Lbe. Lbe has crossed many hurdles to see the end result of McWatters.

This is from the old Technical report but one gets a feel of the ore grades at different levels:

Table 17-10 Breakdown of the estimated mineral reserves per stope

When you look at the press release you see we are expecting to mine at the 140m level which ranges in grade from 3.77% to 2.7%. This should help our cash flow. Much of the development cost has now been spent.

In my imagination

32,500 X .42% X 2205 X .8 X 8.5 X 75% smelter = $1,535,010.75 US

16,278 X 2% X 2205 X .8 X 8.5 X 75% smelter = $4,072,957.04 US

Total 1 mth $5,607,967.79 X 3 mths = $16,823,903.37

Fictional numbers I know but it just gives you an idea about cash flow.

Change the 2 % to 1.17% Ni and the figures are $2,382,679.87

Total 1 mth $3,917,690.62 X 3 mths $11,753,071.86

The cash flow numbers are still pretty good. Infuse that in our financial statements and number crunching will look alot more interesting.

We cannot help that a fund is selling our shares now. It is just a fact of life. If they have alot of shares to sell our sp will fall and it has.

So thanks for your good wishes ebf.