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exactly and that's the problem with investing a penny in a tiny company aka and a penny stock
who knows
lucky for us we found an honest one here
very lucky
god bless all the share holders now
something has changed for the positive with this company in the past few months we all see it
execution of the plan is i'm certain a little bit complicated
there are so many possibiities now as to how to use existing funds, how much money are in the coffers to get started
what deals are on the table and what brisco has in mind for his company
i find it difficultto keep up and i have a pretty logical head
meanwhile i dont get asx tv live from ak with dan rather
too bad maybe someone else does and can report back here
or maybe it will be rebroadcast on another channel or streaming video here on the internet
again there is alot of logic being put forth here on ihub on a daily basis
we will find out
i have started to write my questions down on paper for sunday
i wont bother to ask questions i know brisco won't answer (obvious again)
have a good eveing
the best single comment earlier was god bless us all
wow unreal
ah..
interesting that sheds new light on Ak
opportunites in the near term and explains a few things about how china may be on the front burner
thanks
oh no the kiss of death
hi DB
Drill Results for Gold, Precious Metals Explained1
Tuesday July 10, 2012, 4:15am PDT
By Karan Kumar2 - Exclusive to Resource Investing News3
---------------------------------------------------------------------------------------------------------------------------------------------------------------
4Press releases detailing drill results are full of jargon that is not easily understood by investors. Words like grade, strike, reverse circulation drilling, and others mystify investors looking to invest in juniors. Even a cursory knowledge of these terms would help investors better understand what a company is talking about when it presents drill results.
Resource Investing News talked with Christopher Ecclestone, principal and mining strategist at New York-based Hallgarten & Company5. Ecclestone, who is also a director of Mediterranean Resources6 (TSX:MNR7), a gold8 mining company listed on the Toronto Stock Exchange, answered questions that will help investors better understand the drill results of gold and precious metals miners.
Ecclestone pointed out, “mining results are all about grade, grade, and more grade. But then, after the grade, the length of the intercept is important. One should also look for lots of drill holes.”
RIN: What are the different types of drill programs that companies engage in (diamond, reverse circulation, step out, etc.)? What is the difference between them?
Christopher Ecclestone: Reverse circulation does not provide results that are as comprehensive as diamond drilling. It is a way to find some preliminary material. And if you have something substantial, you might start diamond drilling.
In the scale of things, diamond is an A-grade and reverse circulation is a C-grade drill hole.
RIN: What do drill maps showing drill holes tell investors?
CE: In a drill map, investors should look for the patterns that are there. If you have a situation where there are five drill holes stretched out over a mile, you could ask if they accurately reflect the deposit. If there are not enough drill holes, the deposit may not be as comprehensive as you think it is.
RIN: Is there a set standard for the number of holes that should be drilled?
CE: It does not work like that. What is important is how close the holes are to each other, what the grade is, and what the depth is. If you have a drill that is 300 meters deep and if you get mineralization in the last 10 meters, it is not very good. You cannot do an open pit, you will have to go underground, and it might not be worth the depth.
Drilling is a lot cheaper if the deposit is shallow.
RIN: Why is it important for investors to see the angles the holes were drilled at and to see cross sections of such maps?
CE: It is not that important for investors. Some investors, what they want to do is see if there is a significant pattern there to determine if there is enough mineralization all over the place.
RIN: Can you briefly explain grades? What are the benefits of a high-grade, low-grade deposit?
CE: If it is a high-grade deposit it is a good indicator of the extent of mineralization. If the grade is small, it may not be worth drilling. In gold mining, 10 g/t is a high-grade deposit for gold. 1 g/t is a low grade that shows the area is not very densely populated with gold.
But it all depends on the price of gold. At current prices, even lower-grade deposits make sense to drill as the price justifies the expense involved in drilling.
Silver9 grades work differently and are in ounces per ton and also involve the different by-products such as nickel10 and lead11, and also whether there is gold in the mix. But multiple ounces per ton is a good grade deposit.
RIN: Do different types of deposits (poryphyry, vein, etc.) affect the type of grade?
CE: Poryphyry tends to be massive, so it is a large lump of mineralization. A deposit is either poryphyry or vein. Despite a deposit being poryphyry or vein, what’s important is the grade of the deposit. Different companies can make a success of either type of deposit.
A poryphyry could be spread over kilometers.
Veins are not that large. They can be thick, but not that thick that you will get a 30-foot wide vein. A half-meter, meter, or two-meter vein is regarded as thick.
RIN: What is a strike and why should investors pay attention to its length?
CE: The strike is the part where you have encountered the mineralization. When you drill barren rock, strike is where you drill the mineralized ore.
A vertical strike length of 300 meters means the deposit is 300 metres deep. A vertical strike length of 50 meters means the deposit is 50 meters from the top of the deposit to the bottom. It’s not that one is better than the other.
A horizontal strike length shows how far the area of mineralization is spread over.
RIN: What does the phrase “at depth” mean? Why should investors watch for specific depths?
CE: At depth means that the deposit keeps going down. “Open at depth” means that drilling has not defined yet where the deposit bottoms out.
RIN: What does “drill intercept” mean? For instance, “drill intercepts included 52.5 m of 2.1 g/t gold which included 2.6 m of 5.2 g/t gold.”
CE: It means that at 52.5 meters there was a good strike of ore, but also that there was a richer hit of ore over a subset of 2.6 meters in the larger mineralized length.
RIN: Can you explain concentration of ore? For instance, is 237.6 g/t from a hole a good concentration of gold? What about 2.1 g/t?
CE: That is a bonanza grade. The higher the concentration, the higher the grade, the richer the deposit is. But you have to take into account intercepts and depths of the concentration.
Securities Disclosure: I, Karan Kumar, hold no positions in any of the companies mentioned in this article.
ky
i'm confused again
i'm under the impression that the enviorn. guys have tied up the permitting of pebble in AK
doesn't that apply to lbsr property too?
hence no permitting as yet up there for lbsr?????????
man camp yes --excellent-- get the ball rolling
guy from montana in this now(new face revealed)
and AZ is a happy mining state
lbsr has applied for permitting and now checking for antiquities
old arrow heads , dinosaurs, etc
hence drilling in AZ first is a given??
i understand the chinese want the AK property
but again must wait for the salmon guys to get their day in court
where am i going wrong here
TIA
your friend
hawk flying
ky
did i read that lbsr owns property in mineral rich nevada too?
hawk
hey ky
good morning
have you had your coffee ?
i'm on second cup
it's been a busy week for me running around alot !! I'm exhausted
anyway
yes you have posted enough thought provoking information for me to digest
and yes you are one of the guys here that kept me and
accumulating
so..............
yes, you never know what will happen in the future
yes i am going to the NYC ( i am a new yorker)meeting(my wife is flying from newark on monday so it will be sunday
i just keep forgetting the questions i want to ask(senility really)
tonight i may write some of them down
keep up your posts please
thanks
your friend
hawk flying
jim
will you be able to make it to any of the meetings
i would like to read your impressions too
leif
nice to hear the good feeling about brisco--makes me feel better too !
this almost feels like a new company getting started
granted a ton of baggage
but a ton of opportunities also
and this appears to be the right time for liberty
so yes we may be verylucky to be here now
gem
i'm not so certain that a JV is in place
he said a few companies that said no in the past are inquiring again and he said there is a chinese company but wont get involved in grassroots
in either state
i do think brisco has picked up enough money to get started
it always helps to get alot more money though(obvious)
thats my uncertainty
i hope to hear more as the tour progresses
meeeeeee toooooooo!!!
you are cool
thanks
so stockfire
after you buy and make some money here
dont complain about americans anymore(oops)belgian is not american
ps
this stock may see a pull back before it gous up alot
not sure
i think you are the person who got me into lbsr
lol
hi shappie
ask brisco how he intends to work seperate deals in az and ak
if presented
from two different mining companies to partner
thanks
hey fe i thought you ate yourself into ihub heaven.
oh well nice to see you back posting
did you get in at these bargain basement prices yet
they may not last for long you know
best wishes
HAWK FLYING
your ihub friend
stockfire;
brisco is not visiting canada on his tour
not worth his time to go up there !!!!
buy this stock
hawk
howdy
lbsr?
i'm in for a ton of shares and in the green
we should see something realy big within 9 months.
but it maybe baby steps along the way up
its all good from here on out
this is not a scam
i will repeat this is not a scam
its a real company with a great story
but i have learned in the mining business
everything takes alot of time to get done
so you cant be in any kind of hurray with the money
its good
maybe you will get real lucky and when the real big news comes out you will be in for a major gap up
either way you will be a winner
good luck
ky what do you think?
will liberty break up into two companies
one servicing AK and he other AZ
completly different set of conditions surrounding each state
with a different time frame too
thoughts?
does anyone now how long the meetings last
start to finish?
ugh-- sunday at 2pm in nyc
or monday get up real early to get to laguardia for an 8 am(maybe my wife is flying and we can drive together)
either way
not to be missed
just wondering
TIA
great story for you eli
about 2 years ago my wife surprised me with airfare and tickets to yankees preseason game in tampa(first preseason game after their championship year prior)
we fly down early
and go to the game
we are sitting in 6th row behind the plate(no big deal as you know)
so we go in early as i want to walk around and see the stadium
my wife walks over to the dougout
to
"take a peek"
inside the dougout are many yankeee old timers(first preseason game)
berra , williams etc..
standing outside the dougout is a guy wearing a white nike jumsuit
he says to her may i help you?
my wife says oh i just want to take a peek.. he says ok be quick
so she looks into the dougout and snaps a few pictures
ok done
around the 6th inning the guy is standing near the dougout
and my wife says to me oh there is the bouncer who was watching the dougout.
i look at her and say HUH?
she says that guy--
man this is funny
its ron gudry in the white nike jumpsuit
he sits down a few row near us afterwards and just smiles
women????
meanwhile lbsr accumulation phase again? this time around .031-.037
excellent repost
thank you
great job belgianshareholder
What are the possibilities of a split up in liberty. One company for ak and one for az with different jv for each. How serious are the hinese ? How successful is an underground mine and is it a serious idea and does it take a lot longer to get started and the cost Oh I have a few questions now. All of which have been bantered around here
eli,
will you be going to one of the meetings in queens?
i am scheduled to go on sunday the 15th however if enough people fill in the blanks and i have other plans i may not go.
i would like to meet tracy and brisco
i just wonder what brisco was taling about when he said that afew companies that were not interested are now suddenly interested
it that comes about
who knows?
you do now that andrew jones and cano are buddies
so bean cano and jones makes them pay
sweep the sox
a wonderful thought
i dont know about owning the yankees but certainly will be able to afford season tickets
in the upper decks
and possibly a game or two to see the knicks
seriously
with a jv or good deal from asia
50 cents may be a very low estimate
very low
eli
can you believe what is happening with lbsr
its sgoing to be hugh if all works out
the flippers will keep posting nonsense as the pps rises each day
but at some point its going to gap up alot on some big news
and it could be anyting
ak or az
a deal from asia
brisco is working this plan now
i can only comment on what i have seen for 2 years of waiting and accumulating shares
now lets sweep the sox
love to see swish and jones go deep after cano gets beaned
really dont like that style of baseball
hawk
howdy
I have a feeling that there will be a few people who take the offer of a warrant and a share in a private placement
5ok minimum
I have a feeling they have enough money to drill and
as they raise more money
their situation will get alot easier
If and when liang gets a deal from a big player in asia
the situation will get alot easier in arizona too
brisco has a plan
he is executing it
he has had many years to figure the plan out
it's his time
I feel lucky to have found this stock
2 years ago
appreciate all of the intelligent posters here,
other investors and folks with good mining backgrounds
it's mostly all good now and with a proper time frame and some patience
i expect to see something good happen here.
it makes alot of sense
nothing comes easy in this world--nothing
it all takes hard work and time
we wait
gem,
pretty smart group of folks in Arizona
Ditto !!
great job and thank you
i have to catch up
on my reading
happy saturday to all
Mr tyler(didn't we have a president tyler?). I have a lot of shares and will hold until the good news is out. Lbsr has a lot of potential and who knows. I considered buying more at 019. As I posted. It was clear the move was about to start. But I decided I have so many shares that should this stock go to 50 cents. Or. A buck or even higher in a year or two. I'm really set up for a lot of fun in thwe future(its not too bad now). So there you have it. We wait
Gem. I'm tossing this out again. Brisco won't use fairhills. Its too expensive. Let's see if I get this correct
would you like to share your feelings now about lbsr?
if not
thats ok
i realize this was briscos first meeting and maybe he will look at what he said and add more later
this guy VP in AZ has a pretty good read on this stock
we wait
bella
calm down
we are a long way to our goal here and we need your input
relax
liberty has to worth alot and really alot to one of the majors at some point
yes a very good time to be holding LBSR
hawk
eli
first good yankee game yesterday they finally won in tampa
almost like pulling teeth down there for the past 2 years
i dont get the b group and what they are trying to accomplish ??
i'm looking foward to liberty PPS going much much higer
there are alot of possiblities
i do remember the nonsense about the upgraded computers-what a joke again from the b group
i also love the addition on another specialist to the technical team
wow lbsr can be really big
i just wonder if anglo or some other really large mining company is interested
or what it is that brisco will be going for with his company?
it seems like someone could have made him an offer or he has had a few offers
thats the fascinating part for me
how brisco plans to make his company a world class mining player
have good day
my eyes are peeled to the screen looking for good things
hawk
lets hope brisco delivers the goods in the first meeting this morning
and there are enough ears listening
its all good but it seems that the PPS is news driven so far
the good stuff is coming for sure and that will be a driving force to get the PPS up ALOT
we wait