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

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

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Message: Re: EBF
EBF
3
Aug 14, 2010 02:36PM

Aug 14, 2010 06:33PM

You have made some very good points. Debt for us is a very important factor. We definitely did not need the crusher breaking down. For this quarter we are looking at 1500 tpd x 90 = 135,000 tons. It is hoped that by Oct we will have the amended permits to be producing up to 2000 tpd. So that being said 1800 x 90 = 162,000 tons. Those are goals. Buba Bob shows that $9 Ni is a much better level for our company. Our choice is simply do we hold long or do we sell. A person buying our share today is buying a $0.12 share with all the risk that that implies. I see the upside and the downside and I am willing to take the risk. Conversely with all investing - a risky investment should not be 100% of your portfolio.

By the way EBF why so much interest in telling us about the downside of our investment. I do notice where you do most of your posting and if I had watched how Lbe's sp has travelled - why in the world would you have continued to hold so much interest in the Shaw Dome and in particular any one of the 3 shares Lbe, ISM or GCR. And in particular, as an ISM shareholder, your payback intentions have been made known and as each new press release or statement comes out you do your best to stir the pot. Have you not realized that your posting here makes our interest in ISM absolutely negative. With everything that you have said about our company, I for one would never buy a single share in ISM.

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