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Re: rl71852 post# 145321

Thursday, 10/23/2014 3:20:36 PM

Thursday, October 23, 2014 3:20:36 PM

Post# of 173188
I am not an expert but I think as far as a bank is concerned at this point, the actual value of LBSR's property is zero. Not including any vehicles,etc. but that is so minor as to not even matter. They just would not take the risk. Again a Catch22 because maybe after the next stage when resources are proven (this word not used exactly right) maybe a bank might risk it. We need that high-risk venture capital mentality. This is really tough. Once again, I will use our almost-partner Pershing (Sagebrush) Gold as an example. (I do not own any.) In the last couple months they've had incredible NRs about striking gold and then finding more gold and private placements and getting permits and starting drilling. And today when I looked, the share price was lower than I've ever seen it.
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