re: Ann: Outstanding results at Jubilee Reef ... Hi hbg,I must...

re: Ann: Outstanding results at Jubilee Reef ... Hi hbg,

I must admit to being a big fan of LTR myself and have held a position in it for some years. Management have bought shares on market several times and this is a good thing for the little guy as they are prepared to risk their own money. Many companies' management are happy to gouge free shares but are reluctant to buy any on-market.

I also like the huge acreage they own and the fact that they are a possibility to find silver as well as gold. Very prospective as they say.

I wish them luck with iron ore also but I'm not sure if 30% iron ore is anything to get excited about. I know little about iron ore but I remember reading that 60% was the ratio that was needed to make a profitable mine. I don't know if this is correct, but 30% seems a bit short of the mark. Hopefully the grades will improve with further exploration.

I await further announcements with anticipation.