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There is a timeline for doing that. Northern Dynasty Minerals has been conducting exploration that would be the necessary prep work for drilling(securing claims, additional ZTEM, shallow drilling etc..). We are approaching a time where weather conditions will allow for drilling on those claims and there's no reason at this point to think we won't do just that. Once we drill we'll then be on edge waiting for results. Remember also that NAK is for sale. Once we have proven assets I think we'll see a greater chance of NAK formalizing the JV.. that is unless HDI has other plans and would wish to keep the project separate so to fully gain from the claims.
For Arizona the timeline for drilling has been set at around 90 days from the PR announcing the hiring of SRK.
You have your timeline. Set your expectations accordingly.
Always a good reminder friend. The significance of an HDI affiliation is downplayed by many. They simply don't throw money at projects without merit.
The ZTEM is what landed us a 3.1 million dollar loan and 1 million dollar land purchase from NAK. Hunter Dickinson turns a LOT more projects down than they pick up. The ZTEM resulting in the NAK deal has already saved this company. The bailout from NAK (and I believe it to be just that) took our pps sub penny to where we're at now (or much higher if you flipped along the way).
The usefulness of the ZTEM now is to use the information that has been released to determine if you want in prior to drill results. You are correct in that none of the major players are going to give us a look until after we drill but at the same time if you wait until that time you'll likely be buying at a higher pps and profit less.
It's a non issue
1. The environmental study will clearly show that the mine can co-exist with the fish
2. Big money always wins
3. The economy is such that Alaska cannot afford to deny pebble mine
4. None of it matters if you're buying at current pps as long as we get positive drill results as our price will increase dramatically well before anything is decided.
The point I was making was that environmentalists shouldn't be so anti-pebble given the lengths PLP has gone to make sure the environment won't be disturbed. Environmentalists, if they actually took a fair look, should be applauding such efforts.
I think the problem is the lack of research into pebble partnership by most. They simply hear environmental battle and assume the worst.
Just look at the environmental team, and realize that this is essentially a free service to us as PLP paving the way for pebble mine will also pave the way for us.
Again, for those reading .. there has NEVER been anything like this done before. Big money always wins in these situations and in this situation, even if you are a tree hugger, big money is doing the right thing for the environment.
http://www.pebblepartnership.com/content/environmental-team
Environmental Team
Global Think Tank
The Pebble Partnership is working with a multi-disciplinary team of independent consultants with extensive work experience in the State of Alaska and in the mining industry. This team is comprised of some of the most respected technical, environmental and social consultants across Alaska and the world.
Consultant & Discipline:
ABR, Inc. - Wildlife & Wildlife Habitats Studies
Aware Consulting - Health & Safely
Axys Environmental Consulting, Ltd. - Environmental Analyses
Bristol Environmental & Engineering Services Corporation - Surface Water & Marine Studies
Buell & Associates - Fisheries & Aquatic Resources Studies
CAS Laboratory - Laboratory Analysis of Baseline Samples
Caslys Consulting - Environmental Analyses
CEMI - Laboratory Analysis of Baseline Samples
David Dorris - Environmental Permitting Assistance
Dudley Thompson Mapping - Aerial Photography
Eagle Mapping Group - Aerial Photography & Mapping
EcoFish Research Ltd. - Instream Flow Habitat Studies
Gartner Lee Ltd. - Research/Fish Studies
HDR Alaska Inc. - Mine Surface Water Studies; Mine & Road-Fish & Aquatic Resources; Natural Trace Elements
Thomas Hamilton - Landscape Studies
JBN Consultants, Inc.
Knight Piesold - Engineering & Environmental Studies
Kodiak Mapping - Mapping Services
Michael Minor & Associates - Noise Studies
North Creek Analytical Laboratory - Laboratory Analysis of Baseline Samples
Northern Ecological Services - Fisheries & Aquatic Resources Studies
Paug-Vik Development Corporation - Surface & Groundwater Studies
Pentec Environmental - Marine Studies
Recon, LLC - Road Engineering
Resource Data Inc. - Data Management & Geographic Information Systems
RWJ Consulting - Marine Studies
SGS Laboratories - Primary Water Metals, Inorganics, Soils & Sediments
Shaw Environmental - Laboratory Oversight & Coordination, Quality Assurance & Quality Control
Severn Tren Laboratories, Inc. - Analytical Quality Assurance Laboratory
SLR Alaska - Environmental Trace Elements, Groundwater Sampling
SRK Consulting - Mine Rock Characterization Studies
Stephen R. Braund & Associations - Cultural, Subsistence & Traditional Knowledge Studies
Terra Nord Consulting - Agency Liaison & Environmental Permitting
Test America Inc. - Laboratory Analysis of Baseline Samples
Three Parameters Plus Inc. - Wetland Studies
Water Management Consultants - Groundwater Studie
The permitting process will take some time but people have to realize just to what extent the pebble partnership has gone in their environmental studies to see that such protests won't block production for long. There has never been anything quite like it and they're bringing experts from all over the world who are backing up PLP.
That being said, NAK saw an amazing increase in share price as they proved what they had and NAK will be sold long before pebble mine see's production. As we prove our claims we'll see the same growth (assuming positive drill results) even if the environmental battle is still being waged.
I spoke with IR a few days ago and when we discussed Tombstone I asked her about ZTEM.
She basically said that since GeoTech is in much higher demand now than they were a year ago that they need to conduct additional research to make sure they are scanning the correct areas. A ZTEM of Tombstone is a definite possibility sometime prior to drilling.
We have the cash to do it now. What a great position to be in.
No, but there's a food chance they will per Tracy.
Interview with Ron Thiessen
Pebble Mine related
Small Gold Miner's Big Growth Strategy
http://videos.thestreet.com/v/38762444/small-gold-miner-s-big-growth-strategy.htm
Good video and it shows the kind of money that surrounds us
Glad I stuck this one out and averaged down. Loving the recent news.
Interesting
The warrant holders are not selling.
The "investors" at Alpha Capital probably know more than anyone the potential of LBSR given that LBSR would have disclosed to them all information regarding claims in an effort to obtain financing. That's not to say that they know any more than the rest of us but it's certainly possible. Some shares were sold immediately after the lawsuit to generate some cash by the warrant holders but since then they have held.
LBSR Could explode in short time given the expected upcoming events.
Given the timetable for drilling Tombstone and the events we expect to unfold in Alaska we should see a nice run in our near future. What a great surprise the news is today. What's also great about the news today is that it further mitigages risks associated with Pebble Mine. There could be value in Tombstone to support our current market cap alone giving us support while we wait for the permitting process to unfold in pebble. If we get a drill plan for Alaska released by NAK (which is certainly expected) and later this year we get positive drill results both in Alaska AND Arizona this has a real shot at making many of us wealthy before 2012.
The news today is outstanding. The opportunity the last few days to purchase below .03 was a gift. I definitely took advantage.
Got in on this a little premature at .045, averaged down with a much larger buy at .025 and I'm back in the green. The effort you put forth in your research is always appreciated. Thank you for sharing.
I have just about that ... 10% of my total investment portfolio invested in LBSR shares. I'm able to add more because of this if there is a drop.
For example, the 200k order I just placed that is already partially filled at .028. Easy money if you ask me. Has been for almost a year now.
Per my understanding they cannot share the ZTEM as part of their agreement with GeoTech. Someone else may be able to provide clarification. My attempts to email / call a GeoTech representative haven't been successful thus far.
For what it's worth, none of the other companies flying ZTEM's over claims are posting the actual maps. Most don't even PR the results of their ZTEM.
Sure.
Let's just PR every time Briscoe wakes up in the morning to take a pi## just to make impatient shareholders happy.
Or how about we PR when there is a material event like the company is supposed to. We are waiting for drilling season in Alaska and working on our other projects. When there is news to report we will report.
You just don't get it and you never will apparently.
The IS a high risk / high reward play. Some view the risk as much lower than the payout, others not so much. I look at it like a hand of poker where I can throw in $250 in chips and have a 50% chance of winning a $5000 pot. I'll play that hand every time. You come here acting as if you want a guaranteed return of 10x your investment with no risk. Get real.
Currently the potential is billions worth of mineral assets, a JV with Northern Dynasty, and Pebble Partnership doing all of the necessary work to pave the way via their PR campaign and environmental studies. The risk is in proving the assets and winning the environmental battle.
Risks of the company going dark are no longer present as we have a new debt holder in Northern Dynasty, we have cash and we have Northern Dynasty paying to secure our claims and also paying for exploration. These are undisputable facts. Risks that were around a year ago are no longer present which is why the pps went from .002 to where we are now. For every risk factor we eliminate the pps will rise thus reducing the potential reward.
So if your risk assessment tells you not to get in now then don't. It's that simple. The potential, if the claims to prove out and the environmental battle is won, is undeniable. Get in where you're comfortable. If you want a signed JV, proven assets via drilling, and the environmental battle to be over don't expect to buy shares at .032. That's why you can't buy NAK shares at .50 anymore. This is all very simple to understand.
There are currently 2 companies that have similar JV's with NAK. One is LBSR, the other is Full Metal Minerals(who's informal JV is actually PLP).
Both companies have been silent since their JV's were announced, not just LBSR. There just isn't much to report for these projects. Drilling is the next logical step and we know that's on hold during the winter. Announcing a final definitive JV is also a possibility as well but regardless NAK is spending money and continuing exploration.
I spoke with the IR person at FMM yesterday. He basically stated what we've been saying for a while... no drilling during the winter and they are letting PLP do their work towards permitting before the company spends a lot of money on this project. He was a little more forthcoming with their drill plans and stated that he was fairly certain there would be drilling and it would probably be June at the latest. I asked him why they also didn't have a definitive JV agreement and he said he'd try and get an answer and get back to me. None of these companies seem to think a signed definitive agreement is going to be the catalyst that we do.
I don't think these companies are being silent.. there just hasn't been much to report and we aren't in a position to force action from NAK or PLP. If the silence makes you nervous then exit any position and wait for news. You may or may not be able to buy back in at these levels but long term you'll probably make money. The more confirmation you get and the longer you wait the lower your return. Figure you what piece of news you are looking for before you buy and enter at that time. It's that simple.
I don't think Alpha is selling period. If you review the case hearings from the lawsuit last year they claim that they were interested in LBSR from an investment standpoint, not to earn off of interest payments. I'm sure LBSR sold them on the potential of their pebble claims, otherwise such financing would have been near impossible to get at the time they did.
Those claims by Alpha could be just that... a claim to strengthen their case at the time. It could also be true and they might actually see the potential and want to be an investor since the NAK deal was put on the table.
It appears as if Alpha's turnover rate for selling the warrants is very low giving some merit to this idea. I think they are holding out for a much higher PPS as well.
Sometimes re-affirmation is a good thing. He's congratulating Northern Dynasty Minerals making a clear indication of our continued relationship with the company and reiterating the fact that we have geochemical and geophysical surveys that say we have something similar to what they have in the ground. It certainly doesn't hurt to come out and make such a statement.
If a drill plan, announced by Northern Dynasty, is revealed in the upcoming months and people start looking further into the company I would hope they would come across such statements.
Of course, some will find a reason to be negative about everything. Fine... I heard the same complaints last year while I watched my account multiply several times over.
So many people whine about the silence from the company as if they can move this along any faster than it's progressing. LBSR cannot move forward on the Alaska project until weather permits. There's nothing to do at current time until we can drill. We have the perfect JV partner lined up with connections to huge money. It's now a matter of proving what we have in the ground. That's what you're betting on here and nothing else unless we get news on another project which at this time would only be a positive.
Also consider that Anglo American was not happy about the announcement made by NAK. It's a clear sign that they want to stay out of the headlines while fighting the PR battle and working towards the permitting process. Think about that for a minute.
Consider the following:
1. We have cash and are in no danger of losing our claims (compare to last year)
2. We have the perfect JV partner lined up for Big Chunk - They have paid for additional exploration and will likely pay for drilling.
3. Anglo / PLP are doing ALL the work to allow permitting and will continue to pave the way for us free of charge (biggest gift of all, without this we wouldn't be able to do anything with these claims)
4. We have other projects that add value to the company.
You people who complain about the silence, then complain when the company CEO comes out and makes a solid statement such as the one made today crack me up.
Please use your brain for just a second. Drilling is going to likely be funded by Northern Dynasty, the same company who paid to secure our claims and paid for a ZTEM over BH. They've already spent at least a couple hundred thousand dollars, why wouldn't you think that they aren't going to be the party who puts together the drill program? That being the case, we are waiting for them and and we're not really in a position to force them to do anything. They don't drill in the winter and neither will we. Drilling will commence and the timing will be similar to the last several years. Northern Dynasty has been doing this for a while now. I'd say they know what they are doing.
Jim Briscoe responds to NDM’s Feb 23rd release of the Wardrop independent Preliminary Assessment report:
http://www.facebook.com/topic.php?uid=135810219778400&topic=259
Liberty Star Uranium & Metals Corp.
Jim Briscoe responds to NDM’s Feb 23rd release of the Wardrop independent Preliminary Assessment report:
“Congratulations to the Northern Dynasty team for their many years of hard work on the Pebble mega project. This latest report is yet another confirmation of the enormous magnitude and scale of the Pebble mining district. Liberty Star was in the area in 2003 when Pebble’s large potential was only hinted at.
In 2004 our orientation geochemical surveys (soil, vegetation) over the Pebble deposit (now West Pebble) taken with their permission, indicated a substantial anomaly to the east of West Pebble. Northern Dynasty’s step-out drilling in the spring of 2005 marked the discovery of the East Pebble ore body, confirming the conclusion of our geochemical studies: indicated ore bodies 1500 feet beneath post mineral cover.
Continued drilling by NDM has revealed one of the most important ore bodies ever found. Liberty Star’s Big Chunk Super Project contains similar geochemical anomalies. With the addition of the ZTEM surveys, which show the same geophysical anomalies as exist over E. & W. Pebble, we believe the extended area, including our Big Chunk claims, hosts more porphyry mineralization than any other mega system in the world.”
The NAK filings are the key puzzle piece here.
I understand your concerns but honestly, why do you think NAK would have paid to secure our claims last year and paid an additional $170k to fly an additional ZTEM if they didn't plan on continued exploration? Read their last filings from December and you'll see this mentioned several times. That's the reason you should think that they will drill. They aren't drilling right now, not our claims or their own, because of the season. There's no reason however to think they would spend several hundred thousand dollars on the JV claims if they didn't plan on drilling as it's the next step to proving what we have in the ground.
As for JB's mistakes.. I'm not going to pretend that he didn't royally screw up with the note holders but again, it's because of those mistakes that the opportunity to buy sub-penny was present and it's because of those mistakes that you can still buy at current share price.
I'm curious, why did you get into LBSR in the first place?
Specifically, what claims do you consider nonsense? What expectations do you consider unrealistic?
Most of the regulars see the long term potential here for a 30 million market cap company who is sitting on potentially billions of mineral wealth and has the perfect JV partner lined up (NAK) right beside them with additional connections to the HUGE money that is currently partnering or invested in NAK and who is already taking care of the PR and will build the necessary infrastructure to eventually put this into production. ...Where did I go wrong in my brief evaluation of this particular project?
Because we are not directly tied to the gold and silver market. We have a ZTEM only and a JV with NAK. That's what you should be considering when determining whether or not this is a good investment, not wondering why we don't go up with the price of gold.
We are not an operational mine. We don't have proven assets (yet). This is why you can buy this stock at .035 per share today. Wait until we have assets similar to pebble proven and see if you can still buy at .03's.... good luck with that.
If you've been long for years then you should have done quite well when the price went from sub-penny prior to the NAK announcement last year. And you should do quite well once we drill and prove assets
Lack of transparency? What do you suggest the company is withholding?
As for leadership, it's Briscoe who put together a JV with NAK saving the company. Let's not forget.
You act as if no progress has been made in the last year. Remember where we were at just before the NAK announcement and look at where we stand today.
You can look at it that way. It's your prerogative. And of course, if that's your view you don't have to take a position with the company.
Consider Alaska on hold in regards to "progress" until drilling season. Do you suggest that we attempt to drill in the middle of winter in Alaska when there's no daylight and no roads to our claims? Of course it's slow there now. That doesn't mean when NAK announces their upcoming plans that there won't be market interest if we're mentioned. At this point there's not a single reason to think they won't drill this year.
As far as progress for our other projects.. we are doing what we can to further them. The company is engaging in meetings overseas and bringing in good people to support those efforts. It doesn't happen overnight. Perhaps you know of a jr mining and exploration company that moves at the speed of light.. I have yet to see one.
She will perform her job as IR as it's supposed to be... by giving out facts / data and not giving out information unreleased to the public or put the company in danger by committing an SEC violation.
She will also not engage in speculation ... so questions such as "what do you think NAK's intentions are" will likely go unanswered.
Further, the following companies are listed at the same office building:
At this address:
Boswell & Associates? - Sign in to rate
Chelsea Corporation? - Sign in to rate
Data Dynamix? - Sign in to rate
Dudley and Associates? - Sign in to rate
J R Harris & Co? -
I attempted to call each # listed but none are currently valid phone #'s so no luck there.
As for Pinion.. their only address is listed at
Pinon Resources Inc - more info »
203 Jackson Street, Denver, CO
(303) 831-4732 ?
Image from street view. Not much of a commercial spot:
Trying to locate some information regarding the company. The address listed is located in the Denver Financial Center II building.
STE #1300 is still listed as "for lease" but the listing could be outdated.
http://www.rofo.com/listings/CO/Denver/1776-Lincoln-Street-63815.html#photo
I have attempted to contact the company using the phone # but haven't had any success. I've also looked for a phone # for the Denver Financial Center building to see if STE 1300 was still available for lease or had an occupant but can't find proper contact information.
Other than ordering a pizza to be delivered to the address listed I can't think of a way to determine if the company is occupying this suite or not.
In addition, the phone # listed when dialed is "Pinion Resources" which has a listed address of:
Address: 203 Jackson St Denver, CO 80206
Telephone: (303)831-4732
Fax: (303)831-4753
Website: link
Category: Oil - Crude - Purchasing
I think NAK will allocate the necessary funds as mentioned in the agreement to conduct a drilling program. They paid for ZTEM and additional prep costs last year as well as the cost to secure the claims. Logic would dictate that drilling would occur as soon as it's feasible and proving our assets will continue along it's natural course.
I can't get filled at .013 ... put an order in first thing this morning for another 100k shares and nothing. I might hit the ask if I can't get filled and we near end of day. I've already got a solid position but I'd sure like to add a few more this week.
It's worth a try, but the answer you'll get is that the information is proprietary. From my understanding, it's part of the agreement with Geotech not to share the reports with the general public. Personally I don't see how they can call the report proprietary, just the technology itself but maybe they think the report could give something away to a competitor
I made several efforts to speak with someone at Geotech not long ago. I told them I was an investor in the mining industry and that I communicated with several other investors. I sent a few emails and received no response.
Thanks again for this. You just made me a nice chunk of money in a few hours. I'm now free rolling with a pretty good # of shares. If I ever meet you in person the drinks are on me.
Thanks. Jumped in at .28 probably larger than I should without proper DD but I trust you based on your current track record.
Where do you see this headed OMO?
Do you honestly think that Anglo spending the kind of money they are, and Rio Tinto & Mitsubishi taking the large positions in NAK like they have would have done so if they thought that permitting was very "iffy"?
We are fortunate to have the neighbors that we do putting up all the money and doing all the PR work necessary. It's an absolute gift.
But what you are discussing are the two remaining risk factors involved with LBSR which are 1. Pebble Mine proceeding and 2. Our assets proving out ... compare that with the risk factors of a year ago which included financial instability with the company and no JV partner lined up for the area and you'll see that the risk factors are slowly being peeled away. #2 on that list is mitigated with the ZTEM and with drill results we will basically be down to the same risk factor that affects NAK and their 1.5 billion market cap.
Rio is the largest holder of NAK and is therefore directly involved. Not sure about fmm... I've emailed fmm IR a few times lately with no reply.