Welcome aboard. Your group may have stumbled upon a company that will make you rich if you purchased enough and decide to hold on to your shares. This is no joke.

Keep in mind that the "October news" was something that was generated from a phone call to the company and was a time frame thrown out in speculation. It was never stated for certain that this deal would be final and/or announced in October.

I'm 100% positive that LBSR would love to have this thing wrapped up by now but you have to take into consideration the scope of this project and all that HDI has on their plate. The JV with Full Metal Minerals was pushed back 3 weeks according to an email I got from their IR person for no other reason than Pebble Partnership wanted more time for DD. We thought our deal would be finalized by now but deals of this magnitude take time. I think the significance of dealing with HDI is lost on some. To have a potential deal with HDI is an amazing opportunity.

I'm very excited for the next few weeks. NAK is going to have to release something very soon. Election day is fast approaching and we should see a Governor and Senator that are both very much pro-pebble. There is the possibility that those involved are keeping quiet for a reason. Go to their website and you'll see Pebble Partnership's #1 focus right now is PR. Their website is almost entirely devoted to dealing with public perception and if I had to guess I'd say they want to stay somewhat quiet until after election day. This is all speculation on my part but it's a fact that pebble mine is a major hot button in the state and it's probably better than no significant announcements are made until after Nov 2.

I haven't called so I can't answer the question but I can state that I've sent probably a dozen emails since I've started investing in this company and she's returned every single email within 24 hours.

Yes, and do such simple phone calls generally result in a land sale for $1,000,000 and a new convertible loan for $3,000,000 to pay off all creditors? There's enough evidence to show you that this isn't an imaginary joint venture.

There is proof of all the following:
1. Huge money being invested into the pebble project
2. ZTEM showing anomalies similar in size / shape etc.. to NAK's pebble asset on OUR CLAIMS - drawing immediate interest from the same parties investing so much money into the pebble project
3. The sale of land and the loan from NAK, both interdependent of each other and an announced joint venture pending final approval
4. NAK setting up U5 to manage LBSR claims, and the land transfer being complete
5. A similar JV with PlP and Full Metal Minerals showing that Pebble Partnership and/or NAK are interested in the entire caldera
6. Full Metal stating that the time frame for PlP to do due diligence has been pushed back to 10/31(just an example that these things drag on or perhaps there's a reason for such a delay)

These things don't all happen when a JV is nothing more than an idea.

Great post. I included the other day that the reply I got from Full Metal Minerals indicated an extension was given for their JV and for Pebble to do their DD. If anyone is interested or missed it here is the email transcript. I think it's relevant to our situation as it's all a part of the caldera.

Me
Regarding your joint venture with Pebble Partnership. The news announcement stated: The Option Agreement is subject to PLP completing its due diligence review on or before October 11, 2010.

That was 1 week ago. Is there an update regarding this agreement? If the due diligence review is up are we just waiting to finalize the details of the JV? Any idea on a timeframe before a final definitive agreement is announced?

Is there a reason for the extension/delay that you can share?

And do you expect to have an update regarding the ZTEM results and/or any core drilling samples soon?



These types of deals take time.

The only thing significant that I can find is that the final settlement was filed on 10/8. Perhaps they felt the need to reiterate the message.

Full Metal JV Update per investor relations:

...


Clearly these things don't move fast.

While true we have a lot of circumstantial evidence to make us think that our chances of proving minerals are pretty good.

The targets we detected with ZTEM are siting within a caldera formation and are consistent with mineral deposits within a caldera. Pebble is already a proven asset. I would think the chances of us coming up empty are pretty small.

I think your estimate regarding time frame is very accurate. I'm not expecting much prior to Nov.

Seeing this stock at sub-penny prior to a JV announcement would be the greatest Christmas gift ever. I wish I would have found it prior to .02

Land sold to NAK

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54527060

Statement from Tracy: "I do know that Briscoe felt good about letting those particular claims go for the price NDM paid."

That's how all of these types of deals work. Small junior mining exploration companies work with larger more financially stable mining companies. A 60/40 deal is fair and very common considering NAK or other JV partner puts forth the money to research and develop the claims.

Because there's plenty of other drilling to do. Pebble east is still being explored and we have't finalized jv yet. Drilling to fully explore these claims will take years and we are still a while until permitting and ultimately production begins. Don't let that discourage you though. Seeing those events won't prevent you from becoming wealthy if you own plenty of this company if the finalized jv is as good as we hope.

With a 60/40 jv nak should increase significantly if our assets prove out. Nak also has hunter dickinson management providing stability.

That's what makes this jv so important. We have the assets but we don't have the management or financial stability that nak does. If we get umbrella management from HD we will be on everyones radar. Big time investors, Large mining companies, mutual fund managers etc.. Will want to take a position.

Do you know if he's actually in Alaska right now?

This is very true.

When you're dealing with huge money and a world class asset such as pebble it SHOULD take months to fine tune and final approve all the details. The bigger this is the more complicated any kind of business agreement will be. There are a lot of parties involved and details to work out in eventually getting this mine into production.

This speaks worlds. Thank you for taking the time to do this research.

Just the fact that he used the phrase "due to be released" assuming you are quoting him verbatim means it's only a matter of time and should put any worry to rest.

LBSR Twitter: Form D -- it's just a formality. No impact on OS until exercised.

Honest question... did you fully read the filings to fully understand what they actually are?

1. They are restricted options as pointed out
Purchasers receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them.

2. This is just paperwork wrapping up the options that were announced long ago. This is not news.


So... do you stand corrected?

You do understand that we have a great geologist(s) on our team who has potentially discovered something that's going to make us all rich right? (at least those who own shares).

While there have been a few blunders, this opportunity only exists because of their work. If you don't like it then feel free to sell your shares and go to Alaska and stake your own world class mining claims and start your own joint venture with Hunter Dickinson. It can't be that hard ...

They are cashless


From: Tracy Myers [mailto:tmyers@libertystaruranium.com]

Tracy Myers

Investor Relations

Liberty Star Uranium & Metals Corp.

No. They can't sell because they haven't been executed. These options were announced a long time ago... This is nothing more than paperwork.

I wish I knew.

Keep in mind, this thing is huge and we aren't controlling the news release. LBSR is remaining tight lipped as I'm sure they are required to do by the parties controlling the release of news. Non-compliance of such would be far worse than long bouts of silence and a temporary drop in pps because people are getting nervous.

I feel bad for those who get nervous and sell. They will regret it for the rest of their lives if this all pans out.

If our asset in the Big Chunk Caldera is of the magnitude we think it is, any deal that evolves will be very complicated and will take a while to finalize. We ARE talking about mineral deposits that are world class in size.

Folks .. this is an absolute non-event. Nothing more than paperwork wrapping up the previously announced stock options.

These options ARE cashless per Tracy

If that were the case then I would think a new partner would fund a loan to pay off NAK.

I cannot imagine the possibility we would part ways with NAK and/or Pebble Partnership. They are already on the path to development, permitting etc..

From the Kitco mining conference on 9/13 ... Tracy asked them about Pebble and Uranium. They really liked Pebble, not as much for Uranium. This summarizes their response:

Please share what additional information you received. I've always looked at the uranium deposits as a long term asset BUT could help in the immediate if we are being looked at by other companies.

http://www.libertystaruranium.com/www/investors/news-releases/nr-93-liberty-star-receives-ztem-report-2013-shows-201cat-least-6-to-7-porphyry-copper-signatures201d-in-big-chunk-south-block-ak

LIBERTY STAR RECEIVES ZTEM REPORT – SHOWS “AT LEAST 6 TO 7 PORPHYRY COPPER SIGNATURES” IN BIG CHUNK SOUTH BLOCK, AK


............“shows at least 6 to 7…..signatures..…that are consistent with porphyry copper responses….Comparison against ZTEM 2D resistivity inversion results have defined resistivity features that resemble typical potassic-altered core and pyritic-propylitic halos over known porphyry systems, extending to great depth (>1 km or 3,000 feet).”
These anomalies are in the size range of the footprint of the nearby Pebble deposit(s), also within the Big Chunk caldera, and go to significant depth. Stated in the report “Porphyry coppers… tend to be associated with pronounced resistivity highs associated with a potassium rich altered core, surrounded by resistivity lows associated with pyrite propylitic alteration halos (i.e. Mt Milligan, San Juan-Lone Star, Morrison etc.).” This is the Porphyry Copper Model, which Company Director Dr. John Guilbert co-developed and is described and illustrated in his book, Geology of Ore Deposits.

Robert Dickinson & Ronald W. Thiessen
http://www.gold-speculator.com/people-interest/7642-robert-dickinson-ronald-w-thiessen.html

This is not a new article. It's from June of 2009 but very relevant given where we are now.

If you're wondering who Ron Thiessen is.. he's the guy who's signature is on U5 resources, set up by Northern Dynasty to manage claims purchased by LBSR. He's also president of Northern Dynasty who we have a joint venture pending final approval. Everyone should read this entire article if you haven't ever. It tells the story of HD and is a very interesting read.

I'll highlight some of my favorite parts in this thread but I would like ANYONE WHO DOUBTS THIS COMPANY to do theirself a favor. Read the entire article. After you're finished ask yourself: If one of our anomalies detected by the ZTEM proves out to be anywhere near pebble.. what are the chances that huge money doesn't come pouring in?

I think my favorite part of the interview is this tidbit:

(RT = Ron Thiessen, BD = Bob Dickinson)

Straight out of Ron Thiessen's mouth. They don't play around.



Folks... if we have a pebble of our own.. and there's strong evidence that we do... everyone is going to want in. There is no doubt about this. If we have more than 1?



This is relevant too. Remember, our books are open to Northern Dynasty and HDI. Don't think they won't take a hard look at our uranium claims.




Remember who we're dealing with here people.

Relatively High Upside Potential Detected in Shares of Northern Dynasty Minerals in the Diversified Metals & Mining Industry (NAK, WCPCF, GFRE, ARAFF, USEG)

http://www.mysmartrend.com/news-briefs/news-watch/relatively-high-upside-potential-detected-shares-northern-dynasty-minerals-d-0

... For those who like to use NAK as a potential measure of what we could become

Additional ZTEM information

I posed the question to the IR Rep at full metal minerals shortly after their JV was announced with Pebble Partnership

I noticed in your recent news release you announced that a ZTEM was conducted immediately after your JV was inked with Pebble Partnership. Can you elaborate on what the ZTEM is or how it is being used. Is this now an accepted technology?

Thanks Rob.


http://www.fullmetalminerals.com/s/directorsbios.asp?ReportID=169997
Rob McLeod, P.Geo.
Vice President Exploration and Director
Mr. McLeod has over ten years of post-graduate experience in mining and mineral exploration. As an exploration geologist and project manager at Miramar 's Hope Bay project, he was part of the team that discovered the Naartok deposit, as well as expanding and delineating the Boston and Doris deposits. He was previously Vice President of Exploration for Atna Resources Ltd. Mr. McLeod obtained his Bachelor of Science Degree, majoring in Economic Geology from the University of British Columbia in 1993 and graduated from Queen's University's, Master's in Geology, Mineral Exploration Program in 1998.



Anyone need further proof that ZTEM is legit? Freeport-McMoRan Copper & Gold Inc. is the world's largest publicly traded copper company. I'd say that's about all the evidence you need of the technologies validity.


This was sent on 10/1 BTW. More information should be coming out soon.

Good question! Don't you find it interesting that after receiving the ZTEM that showed we had potential deposits equal to or greater than their pebble ...that NAK decided to JV with us? Don't you find it interesting that upon signing a JV shortly thereafter with Full Metal Minerals, one of the items reported was that a ZTEM was immediately conducted on their claims? From what reports have been released, we've been clued in that ZTEM has become an accepted technology now being utilized to identify specific drilling targets.

It's now been roughly 2 months since the land transfer, giving NAK plenty of time to POSSIBLY prove out additional assets on the opposite side of the Caldera. If something is proven, bet your last dollar that whatever deal emerges will be very very sweet for LBSR.

Thanks S4. The potential here is truly astounding. Just imagine how much more anxious those major mining companies and other investors would be to buy into LBSR if it were announced that we were being managed by Hunter Dickinson. To me that's the key here.

This was the point being driven in by OMO that we seemed to have moved past lately. I lost focus of this possibility while trying to figure out in my head what might be going on in terms of possible drill results, what the JV with FMM indicated, whether we would enter into an agreement with PLP instead of just NAK etc...

Being a Hunter managed company would validate us as a legitimate company worthy of an investment whereas we are not going to meet quality standards for some big time investors as we currently stand. If we own our own pebble AND have legitimate management why would a company such as Rio Tinto pour a ton of money into us like they did NAK? Why wouldn't mutual fund managers take a large position with us like several have with NAK? If we become an HD managed company the same will happen for us. I have my fingers crossed that this is what's going to be announced.

I know this has been discussed previously, just looking for some clarification. The special warranty deed was executed and delivered on August 17th (recorded August 27th). Doesn't this mean the closing date was 8/17? Wouldn't that give us until the 18th for them to form a joint venture and have it final approved? If so is there a specific deadline to make the agreement public?

Also I still don't quite understand the process of becoming a Hunter Dickinson controlled company. Can you explain in greater detail?

Let's say the difinitive JV is announced and we end up as a HD managed company. What exactly is involved here? Is it as simple as a company restructure where HD would manage for a % interest in Liberty Star? Which company holds leverage here? We hold a valuable asset but they have the management we need. These types of agreements along with debt ownerships are completely foreign to me and the research I've attempted has taken me along many frustrating tangents.

From what I understand, a simple earn-in JV only allows HD to earn a % of the pebble asset as long as they own NAK. Once NAK is sold they lose any long term investment from the pebble asset as a mining company(excluding their ability to simply invest in NAK). A deal where they manage us gives them the remaining 40% interest that belongs to us once JV is final. How would this happen without them simply buying us out?

Article: Rio Tinto develops new mining system

Interesting read

http://spatialsource.com.au/2010/10/12/article/Rio-Tinto-develops-new-mining-system/TVBAXZRFGW.html

It's funny how you say we are bashing so we can buy cheap shares while never addressing the issues with this company that are pointed out.

You also try and make a point that because Frank Mir is a director that it should carry some weight as to how well the company should do. That's a major fallacy. Frank Mir's fighting ability has absolutely nothing to do with how successful a clothing company he is associated with will be.

I might be interested in this company if the news reports were realistic. Instead they choose to exaggerate minor things in attempt to pump this company. They also made a false claims regarding competitors getting their start in the Hooters location when NONE of them did so.

The facts are:

1. Currently this company sells NOTHING but 7 t-shirts.
2. Currently this company is being sold in 1 retail establishment which is a store located within Hooters that sells MMA related clothing. 4 t-shirts are offered at this location and nothing more.
3. They sponsor 1 professional fighter in Frank Mir and 1 jiu jitsu competitor Robert Drysdale who trains with Frank Mir.

Please correct me if any of these facts are wrong.

It stated in the last FMM report that PLP had until 10/11 to complete DD

Which means we should get an update shortly that the option agreement is finalized. This gives Pebble Partnership the NAK claims, FMM claims, and eventually the LBSR claims once our JV is finalized. As stated before, they are clearly trying to acquire the entire caldera.

Here's what I'm thinking:

1. NAK began drilling the land purchased from LBSR immediately and should have some drill results by now sped up with the help of ZTEM identifying drill targets

2. If the drill results proved out, PLP would acquire the land from NAK as part of the partnership agreement. If they found something significant this could have sparked a greater desire to have an interest in the entire caldera thus the deal with Full Metal Minerals.

3. Pebble Partnership has been working on finalizing the deal with FMM and had until 10/11 to complete for DD which may have put us on the back burner if we are indeed going to have an agreement with PLP and not just NAK.

4. Shortly, another annoucement will be made that the deal with FMM and PLP has been finalized. Today is the deadline for them to complete their DD.

5. Shortly after that there will be a similar deal announced with LBSR and PLP which could be any time. The reason for delay could be because PLP was working on the FMM deal OR they may have another reason to hold off on the announcement.

What if something significant has been found in the land acquired by NAK? Would PlP want to announce this prior to negotiating a deal with FMM? From a leverage standpoint I would think they would be better off making the deal first, then announcing any other significant findings.

I truly think the timing of the FMM deal is very telling. It may have been sparked by some drill results or just by a ZTEM.... either way I would expect an announcement of our JV only after the FMM deal is final.

Don't forget the copper and moly... The gold you mention is only part of the equation

I'm manipulating the text? lol, ok. So when the statement says "Most of the major brand competitors got their start at this particular location." what he meant to say was "Most of the major brand competitors used this location to really put their name out to the public and catch the publics eye"? umm...ok, can you name a single one that did this? TapouT has been around forever. Punishment is a product of Tito and was around way before this store was even put in Hooters. Affliction has been around for a while and really blew up with UFC sponsorships and got themselves in retail stores across the country. So even if that was the intent it's still not true.

When a company makes misleading statements it makes you wonder how true some of the other claims are.



I'll continue to wait for details before I would ever consider investing in this company and I would suggest everyone else do the same. Claims with no detail such as these following a very misleading news report shouldn't be taken too seriously. Nobody is going to be left chasing on a company that has 7 t-shirts thus far as their entire catalog and is only located in 1 retail location.

7 T-shirts being sold online and in the Punishment store that's located in Hooters Las Vegas.

I see a very limited # of products (7 shirts is the entire catalog currently) along with a limited audience (website and 1 retail location only) and a very misleading news report when they attempted to make the deal with Hooters sound larger in scale than what it actually is.

No it isn't. MMA gear is in one store in the back of the casino near the restaurant. One must walk through the casino to where the restaurant is and they will find MMA gear located within the Punishment store where there happen to be 4 t-shirts being carried currently.