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"There is no way to spin this other than the fix wing did not work like it was sold to be."
Au Contraire Grasshopper! It is entirely possible that the Helo. is going to confirm the validity of the Fixed wing, is it not?
Maybe Geo. wasn't satisfied with the performance over specific areas, and with the Non ZTEM data knowledge available, wanted to re-survey with the helicopter to further refine their tech.
What several Einsteins here do not get is that the aircraft is nothing more than a device to move the sensor to and fro - the primary differences are: Avg: Speed 60 kt +/- vs. 110 kt+/-, cost per hour 1x vs 1/3 x, and the time/space needed for course reversals and such. The caravan is eminently flyable at 85 knots, BTW, which is 130 % of stall speed. While the equipment may be more effective when deployed from a Helo. platform, there's no reason to think the difference in data quality is so degraded that the technology doesn't work.
"I'm all for bars rising from the Desert floor and am more than willing to help stack."
Stack away - I'll show up some High-capacity road transportation equipment, and "Help".
To the other guy - I'm a horrible trader, and this is my 'top pick' at the moment.
As I thrive in the 'moderate progressive/AKA 'Useful Idiot' economic garden, I'm somewhat constrained to Lottery Ticket-type picks - it not a feeling, it's an assessment - possibly absurdly undervalued at a time when instability seems to be what the current Decade will be remembered for.
I guess you bought in on "A feeling" and now you regret it? Maybe you should have considered the facts, it might have kept you out, eh?
'Feelings' are a crappy decision-making tool, and make for the worst of the turd posts here. Do you have any information or facts to base your feeling on? I'm not being sarcastic. Looking for info.
"There are no funds for a drill program". How do you know this?
Funds certainly have not been committed. Why would anyone commit funds when there is a massive data set incoming, and analysis yet to be seen? Really, Why?
20 years ago, commitments were made on soil samples and other techniques of the time, but they were the best available. Times have changed with respect to technology, but not with respect to risk/reward analysis.
He's feeling all 'Impo'tent', and it brings out the pointless and uninformed sarcasm.
His time would be better spent reading the SRK report on the Tombstone District - could lead to a Eureka moment.
Speaking of which, it occurred to me that the initial reporting on ZTEM results may be deliberately vague or even delayed: 1. should the results dictate that additional claims need/ought to be staked, 2. the desire is there to do it, and 3. such a process takes more than two weeks . . . I wonder if Tracy could offer an answer as to how long the staking process "Typically" takes?
We will have to wait, and suffer the Gibbering Fools who offer neither facts or Logic.
I've never seen staking as a long or expensive process. It usually happens behind the scene and you find out in an NR.
All this chatter about staking - if ZTEM indicates good adjacent ground on a deposit, staking is a NO BRAINER - not doing so would be like having your Mother-in-law move in - lots of mischief, loss of negotiating power, general interference by second or third parties.
"That is very telling, imo."
Can you elaborate? 'Telling', by way of what - pace of completion? Does that say something about the signal/geology/data quality?
1780 KM total, 1100 Mi. 285 Km/175 Mi so far, about 2Hrs. flight time so far.
Eli's: You're an awesome DD'er - DDDD'er (Double-Dog Due Diligence)
NR 138: "Geotech proposes 1,440 flight lines investigating the geophysical response in a single block measuring survey area, results in approximately 2,430 line kilometers at 200 meter line spacing."
NR 152: "Should additional funds become available between now and the time of the ZTEM flight, Liberty Star can contract Geotech Ltd. to fly a larger contiguous area, including lands hosting additional known geochemical anomalies."
NR 129 READ THE WHOLE THING: "Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (LBSR: OTCBB) is pleased to announce that the Company has discovered a large intrusion indicated by an aerially extensive low flight level magnetic survey, over and around the Tombstone caldera." "The intrusion covers about 215 square miles and its generalized edges appear to follow the outer edge of the interpreted caldera margins. All known mineralization, represented by prospects and the old Tombstone Consolidated Mines production area adjacent to the Tombstone town site are associated with these fluxuations (anomalies) in this intrusive mass. As yet undiscovered mineral bodies, if they exist, will likely be as well."
"This survey now covers the entire
Tombstone caldera east of the San Pedro River, Cochise County, Arizona."
YES! YES! YES!
Who speculated as to larger survey? CALDERA.
Everyone needs to calm down - the survey process is theoretically and executionally complicated, requires interpretation, and there is no instrument panel light flashing, "Here there be Minerals".
They have the Ray Gun numbers.
"So do we assume hole #1 was a bust?"
A 4+ Million dollar hole is a 'Bust'?
I'm just curious as to what patch of ground was flown in 2011 to validate the Fixed Wing package.
huh?
"Dealus Interruptus"? Due to legal proceedings?
I'm not following you here.
"In February 2011, Geotech Ltd. successfully field-tested the newest implementation of the ZTEM (z-axis tipper electromagnetic) tipper AFMAG system: the fixed-wing ZTEM (FW-ZTEM), >>>>> in porphyry-rich central Arizona<<<<<<."
I wonder what they used for a Target? Curious. I remember when Liberty dropped that "... very large intrusion..." NR - seemingly out of the blue.
"He posts to confirm that he exists."
WHO DOES?
Hell, If I knew the Army was in a position to screw the Pooch, I would have held off on adding last week! I speak from experience!
Glad I didn't know.
". . .estimates on mineral values are $100 billion. . ." Estimate credibility needs a name associated.
Now would be AN EXCELLENT TIME to drop a nugget of info related to something other than ZTEM, like, I dunno, an REE sample ASSAY or two, or more.
To get a trend based on a flow is much better than spikes on events that have a shelf-life of Caught Fish.
Whether or not they expand the survey area as they stated being a possibility 2(?) NRs ago may hold a hint as to the state of discretionary funds. I would like to see it done now and not later.
"Water? Arizona?"
Haha! Actually, Water played a Significant role in the 'trickling out' of the Tombstone Bonanza - they encountered a LOT of it, and the Technology of the day could not cope, or was highly flammable.
I have ZERO trepidation re: ZTEM being "fooled" by water - that would have been a Show-Stopper, no one with a BRAIN gambles on 50/50 odds.
Ha Ha Ha!
Hey! It's June 10th, 2013!
"and couldn't get a flight plan... "
That's funny, considering it is pretty much a keyboard entry exercise. Entering from Canada, or vice-versa is a small bureaucratic inconvenience.
The quality of information rivals that put out by Jay Carney, AKA "Paid Liar".
"Guess it was false info"
That "source" provides only one kind of "info.".
Back in '80, '81 (?) a bunch of penny golds went to double and triple digit dollars. I can only recall two names: Thunder Bay, Torbay or Tor Bay, some others, before the internet era, so the artifacts are hard to locate.
Every now and then some Die Hard Gold Bull pumping juniors puts the names out as examples in their 'Investment Report'.
". . . . the real proof is in the core samples."
That may very well not be as true as it used to be - technology has made enormous strides in the past decade, and I am betting that an impressive ZTEM result will garner a bigger response than orthodox thinking would anticipate.
Daily and weekly have triggered on my indic.s
Set-up.
I saw a similar operation conducted out of Nantucket with a helicopter. The target was unexploded (WWII)munitions.
This isn't like treasure hunting at the beach. KnowutImeanVern?
It is a long ass flight in a Caravan.
http://www.aviationweather.gov/obs/radar
http://radar.weather.gov/radar_lite.php?rid=cle&product=NCR&loop=no
NAK Bottom is being made here.
"I wish we could get our news releases on Kitco.com"
Screw that! I wanna see a story on DRUDGE: "Tombstone Rebirth - Largest Copper Gold and Silver Strike Ever"
Here's to it being a ploy to buy a few days while financing the larger survey area is finalized - cheaper to do it in one shot than several.
Last post. Bring on the Chaos.
Boston to Wichita is 8 hours flight time, with fuel stops at four +/-. hours
Coming back is Quicker!
Any modifications to an aircraft required to accommodate the equipment involve extensive bureaucratic interference and regulatory compliance - the aircraft are purpose-specific. It is not unusual for a scheduled maintenance event to take days longer than anticipated. Often times parts are not on the shelf, as the costs of maintaining inventory are prohibitive. This is a non-event, if in fact true.
" Am I mistaken folks?"
It's hard to say - Ambiguity is something the co. excels at in its communications efforts.
I mean really.
I think it is deliberate, and if not, a mark of amateurism.
Your question can't be answered on the basis of public info. - anyone claiming otherwise is reading into it.
Some Lowlife was Bashing Geotech, and ZTEM technology. If there was better, I've no doubt Briscoe would use it.
Is it possible the time spent below 2 cents was deliberately spent doing more data collection - and allowing interested parties to take as many shares as possible out of the market? - if a run-up can be made and sustained on near term activities, financing would be less challenging if there was a constrained 'supply'.
I got back into this around the time I picked up the first ZTEM talk in AK 11/2010. The most basic question is this: Will the market embrace ZTEM as a proxy for Drilling? If the answer is yes, then I think we're in good shape for future outcomes - if the market demands drill assays we're screwed - it's that simple, the money isn't there, and won't be without extreme concession.
Behind the scenes over the past few years what has happened to the methodology and evidence requirements of the market assessing future projects? I think the acceptance of improved technologies is inexorable, and that the exploration sector is remarkably Hide-Bound, so the alacrity of acceptance has been underwhelming. . . . OR the acceptance is already there, just waiting on 'The Picture'.
NAK seems to have bought it. I wonder how much of the improved resolution AK ZTEM they saw in addition to the Drill core last Fall?