Buyback of shares is a zero gain investment for the company itself.  It benefits the shareholders under the right circumstances, but Liberty does not get the benefit of this 50% gain.  They just lose their cash and decrease their issued capital.

It is a much more prudent investment to take this cash and speed along our efforts to reach full production.  The return should be in excess of 50%.  I support the decision to use it for operations.  They need to reach full production ASAP in order to repay the financing.  If the financing is not paid off in short order, the value of our shares will decrease despite a buyback due to the drag on our profits by a huge interest payment.

If Liberty should run in to the enviable situation in a year or two where they have more cash than they can reinvest in to operations, then I'd rather see a one-time dividend than a share buyback.  I'd like Liberty to use our contributed capital to create further profitable investments (more mines, acquisitions, etc).