I was a buyer today...had no problem getting my order filled, mind u I just slapped my money down and paid the ask.
Posted this comment by Raulston last week re the Pebble (and how eeriely it sounds like what could be said re lbsr) but think it got over-looked. Kinda thought it was interesting.
Laurence Raulston - Resource Opportunities.
"Just like with the economic arguments, some people in the mining industry are stuck on norms that are now out of date. Mining is now in a different era than when most of the participants in the mining industry did their training.
For example, the Pebble copper-gold deposit in Alaska was cast aside by a major mining company that saw little value in it. It was described a few years back by a prominent analyst as “a pile of dirt”, because he thought the grade was too low. He was looking backward, and saw a grade that was lower than the in-dustry was used to. Soon after that, one of the largest mining companies in the world agreed to spend $1.4 billion to earn a one half interest in that “pile of dirt”.
There are no more high-grade deposits sticking out of the ground waiting to be mined. There are many deposits avail-able for mining, and there will undoubt-edly be many new discoveries. How-ever, those deposits are lower grade, more remote, deeper, in more challeng-ing political environments and far more difficult to permit.
All of this points to sustained higher metal prices."