Tantallon and EBF

Shareholders of LBE have had their fair share of bumps over the last few years, but at no time can anyone say the company has ever shied away from answering any questions or concerns put forward to its Management. Maybe that is why shareholders of LBE are much more at ease and confident in where their investment is heading, compared to our neighbor next door.

JJ has always been a full supporter of LBE; long before becoming the major shareholder and partner they are today. They have consistently shown their support in being flexible with LBE before, and if the need arises again, I am quite confident they will amend what ever dates LBE needs to make things workable for the company.

People here have tried to answer your concerns and have also suggested many times for the both of you to phone the company for further clarification of the issues you seem to have. Obviously your refusing to do that has to be questioned of what your real intent is!

LBE/JJ has publically stated their short and long terms goals for this company. If there needs to be small adjustments to those goals depending on production levels and/or price of Ni for concentrate sold, then with JJ’s approval, those near term workable dates will more than likely be amended. Usually that is what good partners do and that is exactly what will likely happen, if the need arises.

The main concern for most of us here was to see that LBE would get to full production capacity. That has now been achieved as of July 15th as stated by the Company. Will they have mill or mine issues in the future that could affect production levels. Probably yes, as I would think most mines and mills do as they operate through the years. The production capacity for LBE is 1500 ton per day, as that is what their permit is for. LBE has the ability to increase that production level to 2000 ton a day and from all indications, it sounds as though that is the process LBE is taking.

In the meantime we will all see the capabilities of LBE over the next few quarters. Will they start paying off the debt in the third quarter? My guess is probably not at this point considering they needed the extra loan in early July. That said; I would expect all current payables to be cleaned up and the start of loan repayments well underway in the fourth quarter.

No one has any problem with the two of you posting your questions and concerns to this site, but after so many people have tried their best in giving you their opinions to those concerns, it is obvious you are still unhappy with these responses. The only thing left for you to do is phone the company, as has been suggested many times before. If you are not happy with their answers, then I guess LBE is not an investment you want to participate in.

Best

Nickel77