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6 months to a year AT BEST to ever see a deal put together here. If you've sunk a bunch of money into this company and think you're going to hit the lottery any time soon you're kidding yourself.
An NR about a November roadshow? Are you kidding me? This is the same empty NR material that we've been getting for a while now. If we had anyone even close to inking a deal you wouldn't see this kind of stuff being released.
I'm not convinced LBSR can sell themselves. It would be nice to hear from someone who understands large mining companies and how they would evaluate what LBSR has to offer. It seems as if we're all convinced LBSR has something of value. Unfortunately nobody is buying. The large intrusion was announced September 2013... 7 months ago. How long does it take to close a deal? Why can't we at least get funding for drilling Hay Mountain? 7 months go by and nobody is willing to break out the check book to try and prove what's in the ground at Hay Mountain.
Is LBSR really taken seriously by large mining companies? Do they need to hire a better sales person / presenter? Is the company too greedy and not willing to accept terms that a large mining company might offer? There's a real problem with this company not being able to close deals time and time again.
Remember all of the previous talk about Chinese investors that never came to fruition? It's been years since we were supposedly on the hook with some big money and yet nobody has funded a program.
It's time that everyone realizes that regardless of what lies in the ground at Hay Mountain, Big Chunk, North Pipes or any other claim, we might never put a deal together to even explore and drill.
This isn't the first SRK report that we've done. This isn't the first ZTEM that we've done. The previous SRK report generated a lot of buzz around here and ultimately lead to nothing. I see little reason to get excited at this point based on the activities of the company.
Broken record. I'm tired of these news releases that indicate positive things but never seeing anything come to fruition. Yes, all indications are that something is in the ground. Unfortunately there isn't much interest in going beyond magnetic surveys and flying Briscoe out to some conference only to come home empty handed.
So far the uranium, big chunk and this have been all hype.
This company needs to drill some holes or shut up until they're ready to do so.
In August 2013, we decided to terminate the Deer Valley Agreement due to their violation of the payment terms pursuant to the agreement. No further shares issuances to Deer Valley Management, LLC are expected to occur.
Is this new information? I wasn't aware that the Deer Valley deal was terminated
I think you have to ask yourself what you would have done from an unbiased standpoint if you had all those warrants. Why sit on them, especially when the max you can own is 5% of the company, when you could sell and turn them into cash and then freely invest that cash anywhere. The smart move if they want to hold for a long position would be to sell until the last exercise and hold their maximum allowed amount of 5% and hold that. Hard to blame A&P for their approach here once they won the case.
Wow, just picked up another 200k shares for cheap.. thanks to whoever just sold. Now let's get this back in the .03s again
Did we survey active or proven areas around HM for a comparison like we did in Big Chunk? I remember that was a big part of what sold NAK on our claims was the comparison with a ZTEM of the pebble deposit.
Considering natives make up about 15% of the entire Alaskan population it would take some serious rigging to come up with all 12.
Thanks for sharing. BTW, Tracy just tweeted this link and gave you a thanks.
There's too much confirmation bias with this group to take it seriously anymore. No matter how bad this gets the cheerleaders simply fail to recognize any possibility that we are not going to be able to develop our claims and that it might be the fault of management.
I'm still sitting on a half a million shares but my position here is a lot less than what it was. A CEO with a bad business sense can ruin any company regardless of how valuable its holdings.
This is a good point. JB is the man that has been at the negotiating table with no results. It doesn't matter what is in the ground if we can't find the money to move forward.
It's hard for me to believe that someone out there isn't willing to drill Big Chunk for a split. It wasn't NAK so it should have been someone else. Now we wait longer. If it's the environmental battle then I understand moving on but if we were going to sell off some of our claims why not sell off enough to pay NAK debt AND maybe pocket an extra million dollars to be used to do everything we need to do on our other claims rather than seeking more bad financing or sitting on our a**?
If there is so much potential in our other claims, why hasn't anyone came to the table yet? How are we negotiating these deals? Are we being stubborn and losing potential partners or is there legitimately not enough interest? Are we not doing a good enough job selling what we have?
There is no transparency with any of these activities that go on behind the scenes and for all we know JB is losing deals left and right because JV partners don't want to deal with him.
I'm a Cubs fan and an LBSR fan.
Next year. I can feel it.
If the results were bad, don't you think getting 5 million is a good deal for a few acres of barren land in Alaska?
To be fair... we have about 7 times the number of outstanding shares that NAK does so $4 a share equals NAKS $28.
I saw somewhere that once Pebble moves forward, NAK should trade in the $90 range based on the value of the pebble deposit. Imagine if we actually have multiple deposits the size of Pebble. All it takes is 1 of the expected deposits found on the ZTEM to be there.
The election itself might be impacting the pebble project. I don't think anyone wants to stir up a political controversy until after the 6th. If pebble moves forward, it's only good for us.
What is the typical time frame?
Even though I know you're trolling, I'll ask a few questions just for the sake of conversation. Truth be told, I think it's positive that there are people here questioning everything. The ad-hominems should be deleted, but at the end of the day, who really cares. Those types of attacks only discredit any valid reason you have for doubting the company. Having opposition curbs the ridiculous confirmation bias that exists with every board where the cheerleaders only look at the positives. Can we at least have a reasonable conversation, if you're capable, discussing your concerns. Lets hash out all of the possible ways that this could tank but consider how much potential there is and try and come up with a decent assessment of the risk/reward with LBSR
To start:
Why do you consider the drill to be a "bust"? Because of the lack of news?
Based on the Sept 7 NR, where it was announced that the cores would be prepped and send to the ALS lab in Vancouver, what is the typical time frame to see assay results? We are now 8 weeks from that announcement. Assuming the crushed samples were sent off 5-6 weeks ago, what is a reasonable time frame from time the lab receives the samples to the time a full report is ready? Can you show examples of other companies providing much faster data after drill completion?
What an awesome buying opportunity that would be before we see assay results.
Samples should be at the labs now ... does anyone know how long it usually takes for assay results once received?
Lab Results
9.17 (4 weeks ago)
The split core samples will be forwarded within the next 2 to 3 weeks to the MEG prep lab near Reno, Nevada. After suitable preparation, including thorough crushing, pulverizing, and homogenization and splitting out a 200 gram sample, randomization and insertion of control samples, and blind repeat samples – known as quality assurance/quality control (QA/QC), 200 grams of each sample will be air shipped to the Certified ALS Assay facility in Vancouver, BC, Canada for assay for 64 elements. Those results will then be added to the geologic log of the drill hole. Final conclusions can then be drawn.
This is all I could find for MEG prep labs
http://sheaclarksmith.com/
Contact Us
Shea Clark Smith
Minerals Exploration & Environmental Geochemistry
P.O. Box 18325, Reno, Nevada 89511 U.S.A.
Ph: (775) 849-2235
SheaClarkSmith@gmail.com
MEG is an independent sample preparation laboratory, working closely with several analytical laboratories to provide geochemical data for the mining and environmental industries. Established in 1984, it is now highly regarded for its sample preparation, quality control, reference standards, and attention to detail. It is fully equipped to handle drill core and cuttings, rock chip, soil, sediment, vegetation, humus, and other exploration materials, providing special care to samples that may contain labile constituents at ppb and ppt concentrations.
______________________________________________
ALS Group has several labs, one in Vancouver
Address:
2103 Dollarton Hwy
North Vancouver
British Columbia V7H 0A7
Canada
Phone:
+1 604 984 0221
Email lab
Email client services
Capabilities:
Sample Receiving
Sample Preparation
Full Analytical Capabilities in Network
Custom Sample Preparation
Gold Fire Assay
ICP-MS
XRF
Acid Base Accounting
Specialty Assay work.
I'm not sure why we're shipping these to Vancouver, other than maybe:
http://www.northerndynastyminerals.com/ndm/ContactUs.asp
Northern Dynasty Minerals Ltd.
15th Floor - 1040 West Georgia Street
Vancouver, BC, Canada V6E 4H1
Only 8 miles from the lab
Perhaps it's a lab that our potential partner is familiar with using? Who knows... but it's been 4 weeks. The wheels are turning.
Theres no doubt about that... Its clear that the majority are waiting on information from our drill. Its going to move significantly one way or another as soon as we get it.
Bad news and a big drop would create a new opportunity to invest at a discount and bank on hay mountain. Good news and we probably go to .05 - .07 before a small retraction.
I own a lot of this stock but Im only halfway in on what i would like to own with extra powder to either buy on the good news and ride it up or buy in on bad news after a drop to cash in on hay mountain which i think will more than support our current value once we start doing work and getting results.
I wouldnt want to be on the sidelines right now with nothing. We're way too close.
This is likely the reason we are drilling 1 hole in my opinion. Why sink the money into drilling land that we don't know can be mined. We had to spend money so we drilled a hole... Wait and see what happens with the EPA and if everything goes well we drill more next year. We spent what we had to spend but didnt waste money.
Now we move on to hay mountain where we only need to find minerals in the ground.
We only need to go 1 for 2 here.
The ztem offers additional benefits other than to help target a drill hole. We can compare an adjacent mine like we did pebble to draw jv or investor interest. I like the idea of conducting the ZTEM as any confirmation of the technology will only help us back at big chunk not to mention we need to be sure we're drilling the right spot as we can't afford to miss
I think you'll see the response you're looking for after certain news comes out. Even though everything is positive, most of it has already been laid out not to mention there are some that are convinced that Pebble can't be mined and neither can we. I don't think an announcement that we're drilling or doing ZTEM of Hay Mountain is going to move us either. Core results from Big Chunk, or at least what little we can get from 1 hole, will move us if it's positive. Investor money will move us if the results of that hole bring in big money. A full scale drilling program of Hay Mountain might move us a little but results of a full scale program could be what makes us really rocket on the short term.
The good news is that we've got 2 projects that we are actually drilling and we only need to go 1 for 2 to all make a lot of money. In 3 months to a years time we should all be rich.
With positive drill results at BC we rise, not the massive rise we would see with permitting, but a big rise nonetheless. I'm speculating that we see a rise in anticipation of results so I won't be playing the old in-and-out but you guys feel free. :) I've loaded the boat here again in the low 3's and will now wait patiently to see this unfold.
Meanwhile, Hay Mountain.
I was around when she ran to .19 a couple yrs ago and that was on just NAK jv anticipation alone. Now we're looking at seeing drill results on 2 projects this year with, according to CEO, a couple hundred million dollars of investor money out there looming. Not to mention the big players who are part of the pebble project sitting next door to big chunk. The amount of money out there to fund our projects is absurd.. I'm still looking at this as a 2-3yr play but we could all see a nice 3-5 bagger in the short term.
Get ready folks... This truly is the time we've all been waiting for.
Does anyone know or have they spoke with Tracy about what the typical turnaround time is for assay results?
I've held a large position with LBSR for a long time and THIS is truly the time that we've been waiting for. It's still not going to happen overnight but I haven't been this excited since the JV / financing announcement with NAK saved this company.
Glad to rejoin all of my old friends here on this board and to watch this unfold over the next phase.
I'm glad to see them move on from Bonanza Hills, regardless of its potential. Priority #1 is to hang on to the most promising projects until a time where we can find a JV and do exploration. This company needs to focus on retaining pebble mine claims until NAK clears the way and doing what is necessary to move the other projects forward.
Bonanza Hills is simply not a feasible project at this point. Big Chunk is much larger in land mass and potential deposits and has the attention of JV partners.
This is HUGE HUGE HUGE HUGE... with a 10mil line we should be secure to explore and cover expenses such as claims, loan payments etc..
One big layer of risk has just been removed.
Well, this should help. Decided to grab another 100k just for the he** of it. .04 soon.
You are correct but a clear path for pebble mine would ensure any potential investor that an investment into a drill project won't be for proving a project that can never move forward.
Everyone knows the battle that PLP is fighting. I'm confident that once the path is clear we'll have no problem funding a project to actually prove out our claims. If we can find someone prior to then even better. Of course, we also have to wait on the weather conditions in Alaska to allow the work to be completed.
One would assume, given our neighbors, that once the path has been cleared for permitting of the pebble mine, that we will have no problems finding a partner amongst the many deep pockets that surround us.
Keep an eye on the pebble process and be patient. This stock could go up or down as we wait... sit on the sidelines if you wish, but nobody should deny the potential if the PLP is successful in pushing their project through.
It's interesting that A&P burned enough shares so that they weren't underwater on their finance deal and then sat on the remainder. As a financier they had more inside information than anyone and they choose to sit and wait rather than to burn through the remaining warrants.
Why not send a follow up email for clarification instead of trying to decipher?
I have to disagree as well. No JV yet and don't expect one soon... it says right in the NAK filings that December will be amended to show the increased loan amount.
I wouldn't worry about NAK calling the loan however.. this makes no sense. NAK wants in on our claims. If they were to call the loan, the JV is off and LBSR has 45 days to seek financing to pay the loan in full. If LBSR successfully pulls this off then NAK loses 100% of their interest in our claims.
It's not a risk that should be ignored, but if NAK were to call the loan it wouldn't be an end game for us.
One great thing about Freeport is that they like ZTEM and use them on a regular basis. Any such surveys that we do would carry more weight with a company that already uses the technology on a regular basis.
It's unlikely that we hear anything on the agreement until the path is clear for pebble to go through, hence the delay and lack of attention on both JV's (us and Full Metal)
The ball is in NAK's court on this one and they are 100% laser focused on seeing pebble into the permitting process. This is a make or break situation for them.