Liberty Star Uranium and Metals Corp (LBSR)

[MineAllMine]

Good question. All I can say is that he will very soon have a pretty good idea of what the market will bear as a price or percentage for HM. I guess he can hold out with little consequence for a while (permits are one benchmark) but at some point, when "all" the offers are in, he will have to decide.

By the way, I know nothing of negotiations on mining claims. However, I still think one creative possibility is a "tiered" return/profit system. Where, say, the JV partner gets 60% up to X million,50% from x million to y million and 40% above y million. That type of agreement might work even better with such a large and long-term mine. Just brainstorming.