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Re: rocarico post# 140433

Friday, 05/16/2014 9:50:00 AM

Friday, May 16, 2014 9:50:00 AM

Post# of 173212
I think there is a strong sentiment that the planning that went into this upcoming trip was in large part driven by the potential investors. This is evidenced by the detailed educational component that was described in the NR. If you understand a little about Saudi business culture, you would strongly suspect that LBSR would not be invited to draw up such an unusual deal component unless there was a high degree of confidence in the project already. Also, Saudi Arabia has a desperate need to diversify its economy and this program is perfect in that regard.

Many here - including myself - believe strongly in Jim Briscoe's abilities as a geologist. And that the Hay Mountain deposit very well may be the size and scope of a Bisbee or even a Bingham Canyon. But the market for exploration has been dreadful. This upcoming trip to the Kingdom feels very much like the first sign of spring after a long winter. LBSR may finally secure the exploration funding it has sought for so long and show that its properties are truly world class.
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