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Message: Melkior

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Re: beginning to wonder

in response to beginning to wonder by mikeyman61
posted on Mar 05, 10 10:16AM

....at this point in time out of the 50 mining stocks that i follow , most are down. I look at the Shaw Dome area as being a gift basket for some one with deep pockets as commodities will be in favour going forward. LBE with its infrastruture in place has the proven resources to increase to full production and i believe can increase the mill capacity to near 3000 tns a day. I guess once cash flow increases then Gary can look at our cobalt play in McAra and the open pit at the Groves. I guess JJ does have deep pockets and would likly be eyeing over the Shaw Dome for reserves as they have the smelting capacity back East..Mikeyman, alot has change over the past two yrs for LBE with 3 mines going into production , once the market sees that LBE can become cash flow positive then the market will reward us, as for your .69 cost base it would not hurt to average down here at these low prices as i see LBE in the driver seat. without prejudice. Traps7

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