Not to step in the "TURDS"!
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Normal in JVing with an Exploration company, the Exploration company puts up the ORE body and sombody else puts up the money to finance the ORE body to production. When People with money enter a JV they have the money and you agree to let them work your claims of ORE but not with your money, THEIRS. The 2 parties meet to agree on the percentage of give and take 50/50/%s or whatever percentile they agree to. yang2 has 1 daily post. Hope my little skit ans youre question.
yang2, youre second language is excellent. You nailed it spot on. The other points in the NR are, are the variables in point. ,To put them on paper in the next few weeks with mutual aggrement is the "FINE TUNING PHASE" which sounds that it will climax in a Joint Venture.
I think whats happening here is that some of us are looking at the phases of the Drill program and the correlation of the training syncronization. Likely in that it took them 8 months to iron it out, we arent likely to really get it all at one meal. In USA they call it digesting your meal.
This is my own take, we have a JV,the JV is agreed upon by all parties, JB needs to go iron out with naseba the final details which have been hashed out these last 8 months,examining the fine points of back in and back out as they go thru Phase(1) of drilling. Obviously JB&BOD won't want to back out of the Teaching aspect as that is his baby and Dr. Guliburts as well,mistakes are made when processing paper from us to typists to paper to Contract. If everything fits into the exact arrangment on paper then we should have an INKED DEAL/JV CONTRACT! Agin i say we have a JV now just minor formalities are set to occur prior to the INKING of the DEAL.
LBSR with the help of NASEBA are in aggrement that the Saudi Investor group are in aggrement already,they are only at the aggrement stage of what could become a JV in a varigated form, yet it would be a full force JV. Just think of it like mines that issue 2% royalties or mines that offer the varied percentages of interest based on performance and or the amount of cold hard cash put up by the parties so vested. This looks like a back out clause past phase#1, and if the ore points to commercial verification then a JV is the next step in the aggrement and so on to production. Most of us arent used to such an arrangment so it is a mind twist for me as well. I got it and i like it and hope it becomes as strong of an JV that the Saudies could build because one question shouldnt arise and that is the need for them to get financing. Which of note has been the durge of most Jr Miners since 2008. Not having to chase financing will certainly give JB the time to be an instructor and likely Dr. John M. Guilbert likely would welcome the involvment.
If we were betting on the "HOLE in ONE" BC, which was based on Briscoes ZTEM and geo works, would we be reconciled to the fact that Briscoe uses the right tools and gets the right results. Odds makers kinda use these factoids. The very BLUE core convinced NAK to wagger the 5 million of course upon seeing and annalyzing that one. IMO: JB has already scratched the winning lottery ticket for all of us. But like NAK we wanna see the cores and touch the cores and hear the cores. So until then we are very pessimistic optomists. My money in on JB&BOD, long and strong.
ICEMANN1, The drilling plan is the same as the one presented here in a previous NR., go figure. Its just as if they were planning all of this a couple of years ago and not telling or asking us what or if they could(?)LOL! Is that where JB spent the $67 MILLION DOLLARS, making plans and keeping it all so hush hush? LOL!
Funding of Hay Mountain drilling program through ore definition and Bankable Feasibility Study Leading to Production
Required capital funding for the Hay Mountain Project would be Phase 1 drilling at US $5.5 million for 20,422 meters (67,000 feet) of HQ diamond core drill hole to be expended in the first year to verify the presence of ore grade mineralization. Post phase 1 drilling activities in the amount of US $ 60 million including 204,000 meters (670,000 feet) of HQ diamond drill core are to be drilled over the next three years. Assuming success in defining a mineral resource, permitting, metallurgical studies, mine planning and plant design would quickly follow as would a Bankable Feasibility Study, which would be completed at the end of year five. Production would follow and is projected to be attained in the seventh year.
naseba: cool operators.
The "EVENT" in CHINA was ezclusively for the Saudi investors group.
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Preparation for this visit has been continuous since then but required the completion of geophysical compilation and interpretation of the Hay Mountain porphyry copper geophysical data along with geochemistry. naseba requested the event specifically for their Saudi clients, with the purpose to present the Company’s Hay Mountain Project in conjunction, at the Saudis’ request, with a unique educational program to train and mentor young qualified geoscientists from Saudi Arabia in the art and science of Mine Finding. Details are found below.
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Quantify "THE EVENT" and the refference runs back to the very beginning of the event in CHINA was for_______________EXPLICIDLY. You gotta love JB&B&NASEBA for going to CHINA in person to chat with the Mid-East investors. Now for adverbs, savy coy foxie or FOXY swank and for upper class prefference SWANK. IMO: just plain CLASSY!
Very well said!
It looks like we are headed to the 1X5 years drilling program! Hint, JB&BOD have been plotting the drill plan as already mentioned with our in house Microsoft engr person, also that all the logistics were reviewed, timeframe, cost, variables, and even the moments notice alterations planning which will keep the developements stages and alterations front page to all involved via android or any smart phone. Interesting!
Sure was! Was so calm all week long here.
BANKs comes back and PPs dives, what with that?
HK: Lets say that in 2 weeks we are told the drill program is a GREEN LIGHT! That would be a what do they call it, moment? LAUNCH, kindah moment maybe! One thing it will be is a price apprecieation moment in which the re-tail mkt should move in and reappraise the minimul level pps for $LBSR$. We want to see early stage activity which will really drive pps to the highest level possible and hold higher levels thru the drilling phase. primo question will be are we there yet??????? My Canadian stuff is back on the Courts mercy for another roasting season,ho hum,(not the way i like it), been in litigation since 08.
3 things,
1st) I dont see Tracys nam as either a DRIVER or as OFFICE SECRETARY.
2ndly)
All of the Company’s claims for mineral properties are in good standing as of January 31, 2014. Because of competitive pressure in Arizona we do not reveal claim positions at this time.
3rdly)
To some degree CT seems to be in effect in a number of matters.
Oh Milo read post 140504, discusting toilet bowl trash! Thought this was to be about LBSR!
GREAT POST YANG! I always look fwd to your posts. Other places call such arrangments INTERNSHIPS! Pirates have SHIPS TOO, LOL! Have a great weekend and all JOY to you and yours!
Please Willie! Let it be, they refer it as the Kingdom, we are at liberty to just be Honorable in or respect for their soveriegnty. Whats not to like:
I think they will writing the BOOK, title is "The Glorious Future of Hay Mountain" copyright year of 2017 Library of Congress. Or the alternate title of "The Legacy of Geologist James Briscoe" comes to you courtesy of the First graduating class of 2015 and giving all gratitude to the Kingdom of Saudi Arabia. Something like that!
DEC 7th, 1941
(beginning WW2)
Very much so. Point that they needed the Geo reports in full before initation so it only bodes that the PLAN is GAME ON in Phases, Drilling will whet their WHISTLES and they can then buildout their floor plans of organization in the goforward manner which is as i recall a 6 year drill and prove term. I believe the plan is enforce, has been well orchrastrated point by point by point. LOGIC back thru the steps and NRs. Sinkme!
BETTER, BETTER THAN 2010 by far!!!!!!!!!!!!!!!!!!!!
Saudi's will also be hateful of the ugly verbage here on this Board. I will do my very best to put an end to the any and all such verbage and hope that the rest of the LONGs will assist in doing so. To put it into perspective it is the same as dissing the Queen of England as Saudi Arabia is a Kingdom. A few years back one or more of the MODS, i believe brikk +, wanted the pirates to stop AAAAARRRRGGGG ing! Well its time to stop slandering and maligning James Briscoe and LBSR as a company. Hope you will join me Milo as i have several friends whom are Arab and i have several FAMILY whom are BLOOD & whom i have gotten invested into LBSR. Do you see my point? So let us clean up the inflamatory posts once for all. Agin you and others together can stop these insults.
Why is the price going back up?
I feel for you, i had a very hard time with kindergarden. DD on the company @ http://www.libertystaruranium.com .. Then you can contribute here as thats what the board is for, not to bleed other investors of their time to bring you up to speed, so study the company and my guess is you will see all of the story and not just one point of interest.
Sounds like they got the money and want to open a school! Money to get the 1 year of apprenticeship over the HM claims and a school which could go on in pertuity. My thinking is plan A) and plan B)then D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z and English lineup and could make a lot of use of all 26 words for training and fiel ops. This is a WHITE PAPER today for LBSR moving over to the PRO ASSETs columb indeed.
CRAZY an i love it. HAPPY ABOUT THE DEAL,me too. ONE of the nicest deals i have ever seen. Lets think about how JB gonna get all them pipes up and runnin, how JB gonna deevelup Silver Belle Easee an hoo gonnah sho em how do build a mine (ore urrs) up en Alaska. Who gonna help get RRes and stuff too? FRUM tha groun, looking a head i also think JB&BOD can use sum extra hans for all of the stuff that JB&BOD have stasched aweigh all over tha place.
EC, That guy holdin that gold thang is confusing to me, why he look so HAPPY AN I GET IT ALL MIX UP WITH hay AN korn/corn TOO. c WHAT I MEEN! korn IS gold AN wheat IS gold Do you jump up an down over a bowl of POPKORN or your Wheaties in the morning?????? That might jus be the de-coder i been lookin for cuz i know thats it an you been hiding it from me all this time, i knew you has had someting todo with it all along.
I LOVE IT LEIF ! Pirates in site! ARRRRRRRRRRRGGGGGGGGGGGGGG!!!!!!!
BELLA, looks like that bungalo is still on the mkt. The beaches are still peachey keen. 777777777777777777777777777777777777777777777777
77777777777777777777777777777777777777777777777777777777777777777777
77777777777777777777777777777777777777777777777777777777777777777777.
Hay look at them BEANS!
What has always stumped me is the layout and extensive preeplanning of the 1 year drilling protocal.
My mine study goes back to late 60s and actually to this very day.
The connection with Microsoft software program and prior microsoft programer of minerology had me puzzeld,but was the underpinning of very very serious PLANNING STRATEGY. My thoughts have proved very fruitful as of today with this news of validation. The "REAL GREEN TRUE LONGS" can vouch for my views taken here. PS: In late sixties i discovered a very prolific ore body, the regular soft precious metals, that ore body is on trend with massive further discoveries. Another PS, is i sure would enjoy turning the clock back all these years! Jim is about my age and deserves tremendous respect for his team and his personal conduct. Another PS is that i have been invested in an oil exp co for 10 years, they have over 35 million invested in exploration expences. My point just like JB&BOD being big spenders is just the way the game is played whilst searching for minerals of worth. Agin GREAT JOB,LBSR!
Keep your ears peeled and you will hear a big swoosh, with out having to use the plunger, ahhhhhhhhhhhhhhhhhhhhhhhhh! splat!
Primmed for the big flush more like it! LOLOLOLOL
Yes, a good number of them are getting chilled/ICED i should say. RC&III walk the line. Administration SEC holding a good eye on these mmj startups, everso much, they flub and bye bye to the freezer.
Thats right Mikie, they have the funding. Drawing my conclude is i think UPOT is going to UPOP a de POP POP! Theri funding will be well spend branding in Wash State. Selling image.
bussiness concept~plan of action~exacution of bussiness plan. Aside from just the basic plan of ops, it makes a company be either just in bussiness or great in bussiness when in their planning of bussiness concept that they will certify going first class, as you said CVS, Starbucks, Chipolte, Buffalo Wings. Build positve brand recognition, one that speaks of high quality and the best of service. Sol and steady RC&III. Notice where III could be the point on selling the
Branding quality aspects here.
Army Corp of Engineers did a great job until the "GANGSTERS" mobbed Washington D.C. with a monster called the EPA. All the EPA really is is a mob of the likes of A. Capone from Chicago. The present IRS wont do any accounting into the "epa" financials, as the "epa" isnt supposed to have one, just an opperating budget. So where did the extortion funds goto? Some MOB in CHICO perhaps! Hitler and the Storm Troopers pooped into Berlin in the same faschion, both agencies worked repetitively to DESTROY their "HOST", their countries, Germany and the United States. Many fine people work in/for the "epa", IMO they are blinded to the desperage which is caused by the EVIL of that agency. We have all bought into a big HOAX here, namely the "epa". Just abolish them and put the stollen agiencies back into their proper office of representation and lets get on with Building AMERICA, not just CHICAGO!
The message is to go upscale, build a class product which will be a standout. Why just build a car when you can build a Rolls! Nobody will forget you and a niche will always be yours in the market. Product needs branding identity for the return customer/customers. You think RC&III will get to work on that aspect, I DO!
100s of $$$$$$$ BILLIONS $$$$$$$ !
Yes Billions bilked from American bussinessmen after EPA bribbed, threatened and harassed out of their ENTERPRASES (even to many suicidies) after being EXTORTED for CASH. Their ENTERPRISES folded and they were left broken. Sounds like the "Pebble" story about protecting Alaskan jobs(?), very funnie! The USA imports virtually all of her Salmon from other countries, NOT ALASKA. That is their SCAM on the Native Alaskan Tribes. Dahhh EPA, dahhhh cares that you have a real good JOB so you too can join the Illiama FAT CATS LODGE! LOL! Donald Trump was querried upon building a huge project in say the area of NY City. When asking a Chinese bussiness person how long would it take for him to do the same in Peking, the man replied, tomorrow. Donalds answer was like maybe 4 years in NY City! Too many college grads will do anything for a job in America, they graduate and thats it. Maybe they can go and help find fish in SW Alaska and make sure that the "FISH POPULATION" is sufficient for the Japanese and Chinese fishing fleets, fleets, plural. Whilst they can hide in an igloo for the Winter!
Makes me ashamed of the fraud and coruption of the Stalinist Empire from within. They have crippled so many many small businesses in the United States. Thats why so many are calling it the United States of the Soviet Union. SHAM=EPA!
Need to do some DD on this thing, NEON. My Canadian jr is ACKRF. check out the techs on her. I got in at like $1.75. Dont let the pps scare you off, mgmt is working things out, will they suceed, well they intend to. PS: 2mm likes neon, as the printer mkt is gonna be much much much. keep the thing here with us "Pirates" turds get flushed down and out.
greg, those are the new super dynomatronic PCs. sort of like GPS works, just type in your favorate bid and presto pop wowsah. Sorta like the decoder ring i used to sell after i bought the patents from KingYukon. I watched the open and got beat up there, speedo wins agin and i lose! Winnie said never say never, whilst the British Navy is asea! Watching out for "Pirates at the port and starboards" ever watchful eyes on the Horizon. What i am saying is yes the 5 million Real Estate deal is a snag for a venture, that is now past with the 8-k of May 2,14. JB&BOD r cleanin house, pay closely as JB&BOD are tuning up here as they are working in tune/sync as never before. You cannot be on the phone talking to your "BABE" down there in Brazil on Skype and doing multi billion dollar deals at the same time, the SHARKS will eat you alive.
I've been buying into my olde headches on a regular basis, amoungst which is LBSR. My huge thing in Canada is back agin in litigation as the "loser~has presented the proper papers before the Queens Bench, in America that is th Supreme Court. So pending pending pending pending. If however the appeals goes fastly then as i hope LBSR will still be down here in this range. I just realized that i am a greenie, i plant george W's, leave em rest for long periods of time, i watch the ground erupt and settle back, i hear of violent storms on the way and then floods agin and agin. Virtually all my stuffs are headches, so my investing comes with a lot of aspirn and sominex also Pepto-Dismal for long terms of constipation. I cant worry about what the mkt does i pretty much just hope to be alive when it does! Oh i got off track agin, its about buying more LBSR shares. All i can say is that if Heaven above sees fit and the Queen of England allow in their providence then and then YES my plan is still very much in effect BUT up every share of LBSR i can, or better yet sponsor the drilling phase1 would please me so much. Maybe i am just DREAMING agin just like BELLA, time for another nap,,,