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KY (Jelly!)...you're awesome! Thanks!! Even though I'm the only non-engineer in my family (I became a shrink instead), I was able to peruse this great document from the link you provided. Several questions/comments to you (a geologist yourself?):
#1 What conductors (elementally speaking) would be detected by ZTEM?
#2 Would VTEM be a next (or necessary or helpful) stage, before actually drilling suspected porphyry targets?
#3 Does Geotech's technology actually give us data up to ~ 9000ft depth? [Figure D4 on page 43 seems to suggest so]. Yet, in the conclusion section they state: A number of successful ZTEM tests were conducted over the Athabasca Basin. The tests demonstrated that ZTEM can easily detect conductivity to 800 metres beneath relatively resistive sedimentary cover. Assuming a 1,000 ohm-metreresistivity, the skin depth of the 30 Hz data is approximately 2,000 metres.
#4 Have AZ been surveyed using ZTEM?
#5 ZTEM been used only since 2007. Is this technology widely appreciated? If poorly recognized, could this explain LBSR's own lack of recognition? The upcoming PDAC conference seems to be featuring Geotech in part because it is NOT well appreciated!
Here's a nice quote that nicely plugs Geotech:
The search for economic uranium deposits
is moving to areas of the basin which are deeper and beyond the detection limits of modern airborne instrumentation.
This creates the requirement for a system which can detect conductivity past the detection limits of modern traditional
EM systems. This was the motivation behind the field trials of the ZTEM system in the Athabasca Basin. Several areas
where known deep conductors (450-600m+) were located were flown. Also, a test survey block in the northern part of the
basin was able to trace a deep and plunging conductor to depths that no other airborne EM system has been able to
achieve.
Yes, I'm afraid you are correct, VP...middle eastern investors will seek liquid assets, rather than our speculative (but spectacular!) opportunity.
Impressive LBSR believers! In the worst day for the markets in 4 months, we held strong!!
NAK down but keeping at it's 30-day SMA. It trades as a Cu (more than a AU) play it seems...
...I can remember when LBSR would trade down when gold rallied. That trend appears to be broken. I think because we remained completely "unproven". Maybe ZTEM is finally being taken more seriously (as KY has stressed) as indicative of underlying resources.
Thoughts?
You must Google Vollmer/LBSR via Google News...
Yes, mismatches in value and price don't last long in the market place!
Estimated worth of AZ North Pipes:
"...we now control 350 pipes or essentially 50% of the entire district. This gives us the potential of about $38 billion in gross uranium over the next 30 years of production at a very high profit rate...Using what we believe to be a conservative success ratio of 18%, which is also based on the history of past production, of the 350 breccia pipe targets or pipes, as we refer to them, we should end up with more than 60 viable mines. With the conservative assumption that these 30 contain 5 million pounds of uranium each, we would produce a gross amount of about 300 million pounds of uranium which, at the current price of about $130 per pound, would be worth approximately $39 billion. Because each ton of ore contained about 16 pounds of uranium, the value per ton at today’s prices is about $2,080, not including any credits for by-product metals, which could include copper, zinc, vanadium, silver, and others." [CEO James Briscoe 2007]
http://www.ldvcapitalmanagement.com/CEOTranscript-AnalysisReport.pdf
Nice KY!
So a couple of highlights:
Their (Copper Mtn's) production cost of $1.24 (Canadian?) per pound of Cu is very impressive...of course they have an existing mining operation, whereas we would have all kinds of start-up costs...but still, WHAT A PROFIT MARGIN potentially with Cu busting out to $4.50+ (U.S.) per pound.
Titan 24 ZTEM: I assume would be the equivalant technology of Geotem's for us. Their COO stated a very high correlation between their Titan findings and drill core successes.
Can anyone see JB in this picture?? <smile>
http://en.wikipedia.org/wiki/File:Miners_register_claims.jpg
...so SGR, the motherload I assume was never found?
Have ZTEM been done in this area by others?
Thanks s4...VERY interesting reading...I'd not seen that CEO interview before...some quotes I liked:
#1 on the potential price of uranium:
"...it probably has a long ways to go, probably to $250 per pound and perhaps $500 or more per pound."
#2 on our AZ breccia pipes holdings:
"In mining, if you control the land that has the mineral resource on it, that is most of the battle. We have about 50% of the highest grade uranium bearing land in the US. We can, after defining ore reserves, permitting, and building multiple mines, produce high grade ura-nium ore at low cost and high profit for sale into the world market and that will continue to rise, we believe, for the foreseeable future because of our energy demand."
#3 main goal:
"Right now, it is to publicize our position...Our stock has yet to be properly recognized." [enter stage right Chuck Vollmer]
...Whew! Somebody give me a drink of water (or something!)
Does anyone know what attracted JB to BH in the first place?
Added more myself...trying to convince family/friends as well!
Wow, lilpup...what a testimonial...thank you!
All in agreement!
If oil rises too far however, recession resumes, and U prices crash...I wonder!?
But then, QE3, and we cycle back up with AU!
How widely known/accepted is the "caldera theory"??
BTW: ontherise owes us all a bagel (one with > 6 raisins)...
THE FUSE WAS LIT WITH NR-101...
Which one??
You have the right vision of our future, but technicals DO matter...nevertheless there will be a mad dash (those psychotics remember...) for shares at all costs, literally! For anyone on the sidelines, I would recommend at least a core position now, and an optional trading position, now or later.
We're damn close and landed on our 30 day SMA...possible resistance there.
US PAYS OFF NATIONAL DEBT/DEFICIT BY PURCHASING "PEBBLES" IN ALASKA FOR ______?
Thanks, Deadeye...I told you'll there was a Washington connection!!
Kudlow tonight mentioned that some of his Fed Reserve contacts indicated that QE3 is being discussed...
Hey...as I said, 8200% premium for LBSR ain't bad, and we still hold on to BH and AZ...and JB can retire...and we still get a Social Security check <smile>
Thanks! You have to admit, it's pretty interesting that the caldera really might be worth that much!!
Uranium stocks did VERY well today...UEC breaking out of a cup/handle formation...LBSR is facing still too much overhead from dilution...but it will join the pack (and then lead!), but we need more than claims...
I was trying not to get greedy...maybe NAK for $3B (50% premium) and LBSR for $2B (8300% premium)...
Yes, Thiessen/HDI are INCUBATORS (primarily)!!
Breaking news...US PAYS OFF NATIONAL DEBT/DEFICIT BY PURCHASING "PEBBLES" IN ALASKA FOR $5 BILLION!!
(future headline --hopefully not too far out, so we don't add a bunch more to our national credit card)
The $14 trillion national debt ”the cumulative total of deficits” is now covered with this purchase by the extraordinary mineral wealth lying beneath tundra in Alaska. 23 porphyries (mineral ore bodies) owned by Northern Dynasty (NAK; and partners) and Liberty Star (LBSR) have been sold to the US government today for $5 billion. With each "pebble" porphyry (containing gold, copper, molybdenum, and silver primarily) worth an estimated $600 billion, this amounts to $13.2 trillion and closely approximates the accumulated overspending/overpromising of the US government of $14 trillion. President Obama will be flying to the Lake Iliamna region on Wednesday to take credit.
NAK CEO Thiessen was unavailable for comment, but James Briscoe, CEO of LBSR was exuberant saying, "This is the culmination of my mining/geology career, and to retire on this news, knowing I've helped solve the national debt is an HONOR.. God bless America!!" LBSR shareholders were found in several cities around the world in states of drunken euphoria, many now multi-millionaires.
I do agree that selling out 60% of our assets in a gentleman's handshake leaves one with puckered lips and frown...but we did survive! Selling to NAK also took advantage of the already available infrastructure/staffing support/planning activities, and the name HDI will bring huge attention to us!
Can't agree plain2121...LBSR has sent emissaries 1/2 way around the world to deep-pocketed countries hungry for minerals...WE ARE NOT HOSTAGE TO NAK for much longer!!
Me too, picked up more @ 0.031...will continue to as far down as it goes...looks like several folks bought 100k sh in the last couple of hours of trading.
Hear, hear! Stay out of JB's hair...let him do our business! We are oh so close to major developments...
I think posting ZTEM by JB/LBSR would look like begging (or something similar...as in redlight)...
When are they due, SGR?
Yes, Goldenn, you seem to make a very logical point...
Moondoggy,
How did you conclude that 0.01 is where we're headed?
Chart techncials:
Friday's low volume completes about a 50% retrenchment from our recent low to high (about a 70% appreciation)...Monday will be a good buy day!
Thiessen is the CEO of NAK.
A&P are some of the warrant holders who won a lawsuit against LBSR for supposed breach of contract RE warrants.
(see: http://biz.yahoo.com/e/100920/lbsr.ob8-k.html)
HOLD ON TO YOUR SHARES!! DOLLAR COST AVERAGE HERE IS YOU CAN!!
Thx, Moondoggy...so that's about a 10% share dilution from here...pretty mild/minimal. Definitely the time to load up (or reload!)...