Liberty Star Uranium and Metals Corp (LBSR)

[SilverEagle]

LBSU - BIG CHUNK SUPER PROJECT

LBSU's Alaska mineral assets is located right next to Pebble mine minerals
which are owned by Northen Nynasty(AMEX:NAK $2.37/share)
*current O/S of NAK is about 100MM, 1/2 of LBSU
Northern Dynasty estimates that Pebble West contains over $100 billion worth of metals at 2006 prices[8]



about Pebble mine
http://en.wikipedia.org/wiki/Pebble_Mine
The exact nature and scope of proposed mining activities at Pebble are yet to be finalized. Planning and exploration is currently focused on a single geologic deposit which is referred to as two contiguous deposits, Pebble West and Pebble East. There are other significant mineral occurrences and deposits in the project area, but they are little-explored, to date. Northern Dynasty expects in 2009 to make a decision on whether to apply for permits to build a mine at Pebble, and to make a final construction decision in 2011.[1][2]

Only a huge mine, benefiting from economies of scale, is economically possible at Pebble due to the low-grade character of the ore. Feasibility studies (detailed mine construction and operation plans) and applications for permits by Pebble Mines Corp. are being deferred until the Pebble East deposit is fully delineated.[3]

Pebble West would probably be mined from an open pit. The geology and mining characteristics of Pebble West are well understood. The pit would be up to two miles (3 km) wide and several thousand feet deep and may generate up to 2.5 billion tons of waste material[4]. Two artificial lakes would be created in order to store the discharge chemicals and waste. The largest of the dams enclosing these lakes would be 740 feet (230 m) tall and 4.3 miles (6.9 km) long.

Pebble East would most likely be mined by underground methods.

Other design possibilities being considered include: construction of a port on Iniskin Bay on Cook Inlet; a private one-lane freight road roughly 104 miles (167 km) long built along the north side of Lake Iliamna between the mine and the new port; trucks hauling ore concentrate on that road to the port or a pipeline along the road which would carry a slurry of metal concentrate from the minesite to the portsite. The slurry would be dewatered at the portsite before being shipped to a smelter, with the pipeline returning the water to the minesite.[5] [6]Power to operate the mine would possibly come from a submarine cable stretching across Cook Inlet[7].

Northern Dynasty estimates that Pebble West contains over $100 billion worth of metals at 2006 prices[8]. If Pebble East is included the estimate increases to over $300 billion dollars.[4]