OK!- But it's still real volume we need. Hopefully as all unfolds it will come. Seeing what we have- people would have to be nuts not to want to buy into this.

Absolutely an important point to emphasize.

Well- spoke a little too soon. But I don't think in the long run. As always, a low volume response isn't going to last. It's volume that's needed. Eventually I believe it will come. Buying volume in the tens of millions. That's what we need and what we will get. Hopefully with assay results from BC, followed by HM.

Finally- at least a modest response to good news. You would think there'd be more. But maybe as there is repeated confirmation of good and successfull progress along with the promise of more to come- we will see more and more of a market response.

Yes. My sense is that he wouldn't have said even as much as he did if he wasn't pleased with the results. Of course all awaits the official assays. But like Lief said- the alternative was that we could instead be talking about coming up dry, having found nothing. Now- far from it.

Sounds like a lot of copper! Within the limits of visual inspection and the "hand held" I don't think it could be more positive. Keeping in mind how cautious and conservative JB is with his comments, I think this is quite spectacular. Totally successful and I'm quite confident this will be confirmed by the official assays. Quite a great effort for the first hole out. Copper is the main quarry. But also anticipation of gold on deck.

Soon!

Agreed. I believe we will be hearing shortly about production and sales. Certs as well. I believe it is all coming together. I believe units are being produced. This wouldn't be happening if there weren't sales pending. As the realization of this becomes clear, I believe we will see a modest rise in the pps. When actual announcements are made- testing completion, certs approval and sales completed, I expect the rise in the pps will be hyperbolic.

Good report. Nothing spectacular. But it lays the groundwork for what will follow. It's like launch preparations for a rocket launch. Essential, but not spectacular. What is spectacular is the launch to follow. We are on the launch pad. Ready to go!

Copper continues upward. Now over 3.80.

Gold soaring up to about 1770!

Excellent and clear statement. Undisputed despite all the gibberish we are subjected to. We will be moving forward with this valuable device before long.

This is also good.

Upbeat about what was expected to come in short order. But also- frustrated and certainly not happy about the current pps.

Thanks. Beautiful because the situation is beautiful. I really do believe the pps will soon reflect this. Before- our optimism was based on the hope that exploration and drilling would finally get going. If it would all else would follow in due course. We needed patience and fortitude to wait for this to begin. The naysayers maintained it would never happen. But now it has. And now it's really just a matter of having the patience to wait for the results to come in. All will follow. The clock is ticking.

A few items from discussion with Tracy today. I asked her why, if information about cores was released at 500', why not at 1600', the absence of which leaves the impression that nothing much was found. She said that was not the case. She reminded me that spectrometer readings were not reported- they weren't ready to set a precedent reporting these and that what we were given were simply the field geologist's initial visual assessments- hornfels, sulfides and pyrites. She expected these will still be forthcoming from the 1600' depth but that they simply haven't received them yet. I pointed out that it seemed to be taking a long time compared to the 500' results, but she maintained that it was simply a lag in reporting and not related to what was being reported. She said that what we're really waiting for are the assay results.
I asked about the AZ ZTEM, She reported no problems- they were moving forward and expected the ZTEM to be completed in October.
I mentioned the OTC Investor piece. She said that it was totally unsolicited and not paid for and so she was impressed with the accuracy, quality of the report and, naturally, how positive it was. She felt it had additional power since it was not paid for. But because it was so good she might consider working with them in the future to help spread the word about LBSR.
I also mentioned that I thought that even the single hole- if positive- might have significance for the Chinese, who have indicated they might act upon positive results. She didn't dispute this and added that L. Liang is busy in China at this very moment. She didn't elaborate on how strong the prospects might be there.
She was frustrated with the pps like everyone else, but didn't seem to have any specific explanation. At the same time, she was upbeat, optimistic and expected things to change as progress was made.

That's right. Some point to OSI's silence about manufacturing the MIT 1000s as if it is evidence that they aren't doing so. The reason they are quiet about it is that they are being so at MIT's request. And they are, in fact, manufacturing the unit as per the inside label and as per earlier statements, as well as statements from MIT.

Funding has always been a problem. But it is wrong to say we don't currently have funds to carry out the plan in place. As is often the case, acquiring funding comes at a cost to the pps. But that is only until the the plan is carried out and the results are in. If the drilling in AK and AZ doesn't pan out- then none of the above will matter much in any case. If we achieve positive results- then new funding, JVs, other deals and investor enthusiasm will follow- with an explosion of the pps to follow. And if so- once again- all the above won't matter much. So it all comes down to whether JB can carry out his drilling program. In the past- that has been an iffy proposition and valid cause for doubt. But that doesn't appear to be the case any longer. We are past that. Now it hinges on the results of the exploration program in AK and AZ. That is in progress- may take a little more time- but is happening. And based on everything we know- I believe the results will be positive. And then- the only problem we will have will be deciding where to celebrate.

I'm talking long term. And, of course, you're correct in stating that we don't know what the assay results are. But I'm not counting on that one hole- although it would be nice if we got positive results. But between all the other data we have in AK and prospects in AZ I am confident that eventually we will be rewarded. But you're right- nothing is certain. That's we we're talking 2-3-4 cents instead of 2-3-4 dollars. That will come- and I think sooner than you might expect.

I know it's the trite and predictable response to this kind of action- but- What a great buying opportunity! We do know what's coming- and it's all good. The pps will follow.

Speaking of the impact of our one hole- I think it will be also enhanced by virtue of its location near NAK holes already drilled. It may be viewed as part of the same deposit or field almost as if NAK had predrilled the corresponding series of holes. Perhaps, as yet another clever JB move, its location as the first hole- being close to the Pebble border was selected in part with this in mind.

Gold over 1700 again and copper rising to 3.67. Our timing appears good. Both prices are generally rising again. This will enhance the impact of positive reports we will hope to get even from our one AK hole and from AZ before too long.

Hey thanks. Hope we can all meet soon. We used to talk about celebrating- and usually it was in Las Vegas. That was a little premature. But before too long I think we will need to start thinking about renewing those reservations!

Not only that- but I view it as almost a bonus. Like many others- I was expecting HM to have been up first. So while this detour to AK might have been unexpected, dictated by claim maintenance requirements, potential deals with the Chinese , NAK or others, or yet other factors- it may be incredibly rewarding. And then- in any case- it's back to AZ. That will keep everyone busy while we're waiting for a spectrometer preview and finally the assay results from BC.

Yes. Firing may be too strong a word- since I also said that I thought the separation was cordial. But the point is that the decision was apparently made to move to a BOD that would better support their current plans. I'm sure Vollmer's efforts were appreciated- and I expect they will continue. But as far as we know- his efforts also haven't achieved results. If it meant that Vollmer had to move over to make room- or that the company was moving away from his area of focus- then everyone- both he and the company are better served by having O'Heeron on board instead of Vollmer. And somebody had to make the decision to accomplish that shift.

It may be that this is another example of CEO JB's excellent management decisions. As has been pointed out- it may have been a wise move to have Vollmer aboard with his Mid East connections and his Jobenomics. But if it didn't pan out- time to move on- with a firm, but yet cordial- "You're fired!". It sounds as if they will maintain a relationship with Vollmer, but now will shift to other opportunities presented by new BOD O'Heeron with his connections and resources. Many of us have wondered and questioned when the Vollmer connection would yield results. It apparently hasn't. So I think this is a strong and positive move.

Looks like others are clamoring to join the BOD, possibly with more useful management, networking and financial skills and resources.

I'm no geologist, so correct me if I'm wrong- and all your and King's material helps- most copper ores apparently are copper sulfides, of which there are many varieties. The copper sulfates are those bright blue crystals(?) in your old Gilbert chemistry set. I believes most of the sulfides are blackish, like pyrite to the steel gray of chalcocite and the blue gray to blue of covellite. My point is- that the gray-blue to steel-gray core pictures we are seeing seem to match up very well with the pictures I've seen of the ore bearing copper sulfides. This may be wrong- but it sure looks promising! I hope we get early news from the"hand held" and then confirmation from the lab assays. I believe we will.

Actually, it really doesn't matter which lab does the testing, as long as it's accurately and reliably done. If MIT has found a lab to do the testing more quickly, but just as accurately, then that is the right decision. Without inside information- we just have hints and bits and pieces of the puzzle. Unless one is an underhanded Alpine operative, some decisions may be made without our knowledge. JN may be forgiven for neglecting to consult we iHubbers. Keeping us informed of important progress is important, but it must be done with the best interests of the company kept paramount. Ultimately, that is in the best interest of we shareholders.The important fact is- and this does come directly from JN- the certification process is moving forward expeditiously. We are reaching the point where I believe sales may begin soon. Remember- we do have one very important certification already- namely for Listeria. Issues can be created for effect, wasting time and space, over every minute aspect. But there is no question that we are approaching a critical juncture. Funding, testing, and infrastructure development are all coming together. I believe production has proceeded as well and it is further, my belief that we will see sales and even profits in the very near future.

That's great that you've apparently seen the light and agree that the MIT 1000 "appears to hold promise for use by food producers and regulatory agencies". We agree!! The further development they're referring to are the pending certifications which we will be seeing shortly. So you will be pleased to know that you, the AOAC and pretty much everyone else here are all in agreement that the MIT 1000 will very shortly be in use by "food producers and regulatory agencies", saving lives- and creating sales for MIT.

I definitely agree with that interpretation.

It is obvious to anyone with experience reading research reports that the MIT 1000 was spectacularly successful. Not only did it correctly identify 100% of the Listeria samples, it did not mistake any other organism for Listeria. It couldn't be any better. Any other interpretation is . . well . . there isn't any other interpretation.

The USDA is actively and currently testing the accuracy of the MIT 1000. I didn't think it was necessary to restate the obvious and well known, but apparently it is.

Hope . . . and geochem studies, including veg studies, rock and soil samples, IP surveys, ZTEM surveys, the geophysical expertise and experience of JB and Dr. Guilbert as well as others at LBSR and NAK, as well as their Caldera theories- bolstered already by the preliminary drilling findings, the proximity as well as the direct ZTEM comparisons to Pebble . . . shall I go on. Yes- you could say no one can "know" what's in the ground until drilled. And yes- it is not "proven". That's why we're drilling. But it goes way beyond fond Hope ("and nothing else"). Unless you want to call what I've just enumerated "nothing else". I would say it is much more like a compelling case for expecting positive results than "nothing else".

I don't know about that. It's just that we've spoken alot- back in the old dark days. I think he was impressed with everyone- and more important- I think most everyone was impressed with him. Even more so now that it's clear he wasn't just putting on a good show. Pretty much everything he had said has come to pass. And without delay.

With your Alaskan pedigree, that means a lot. Good Luck! (Actually- I think patience will take care of the luck).

It's hard to know for sure, but at least it's my sense of what's going on, FWIW.

Thanks. And yes. I'm sure your right that the PP soaked up some of the volume of already interested parties.

JB and LBSR are definitely holding up their end of the bargain and doing everything they said they would- with all due haste. It is frustrating that this isn't immediately translating into an increased pps- we expected that investors would anticipate success as LBSR finally demonstrated that it could put its plan into action and would want to get in beforehand. But so far, that hasn't happened. Other factors seem to be prevailing. But all of this activity will yield positive results fairly soon. And it is not for naught.

I think those of us who have been following this closely over the years have had such great confidence in the outcome, that we assumed that the main impediment was simply the inability to act because of a lack of funding. Since we know the resources are there- we "know what we own"- it was simply a matter of getting those drills turning and success would follow. I believe that still holds true. The only problem is- those who are not dedicated "LBSR followers" don't necessarily or automatically share that confidence. For them- it is more of a "show me" attitude. So, while for us it seems inexplicable that the long awaited announcement of drilling didn't automatically result in a jump in the pps- for others- I suppose they will need to see some positive results of that drilling. The excitement we feel just seeing the drilling, will soon be shared by others when they see great core results. So it will come- but I suspect we have to wait just a little longer. While frustrating, it should not be discouraging. Once there is positive news- more widespread enthusiasm will prevail, volume will finally rise and this will overcome any FH or A&P or any other issues and up will go the pps. And after such a long wait- it really isn't that much longer. And it will be well worth the wait.

They are really moving on all fronts!