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Re: leifsmith post# 143143

Friday, 08/08/2014 10:34:31 AM

Friday, August 08, 2014 10:34:31 AM

Post# of 173212
The FIT is any consortium interested in venturing is welcomed aboard with LBSR, as long as they have $6,500,000.00 to front the phase1 drilling and they have or can warantee the next/phase 2 drilling to the sum of $60,000,000.00. Its that simple but then they must have aggrement in place to forward the project thru advancment concurrent with phase1 thru phase 2 to PORDUCTION with findings of commercial grades. From all apparent they have commercial grades. Finding an commited partner thru all phases whom can muster all of the needed cash/financing, a partner whom has the credentials to command a 100 million dollar loan at the window. They are out there and they are very happy to take on projects the size of HM and in prudence they will DD a project thru in most every matter.
The formula is very simple: JRs find real ore bodies that will PAN OUT, Mining Venturists(we used to call them GIANTS) will enter the fray when such projects have the least margin for failure, political perturbances and all infrustructure in place as needed.
If i were the prospect i would pick AZ as one of if not the best place to pick on the Globe, perhaps not the largest ore body,yet unproven, but one with the very best overall necessary infructure already in place for the using. Ariazona has just all of that! Now lets hold that auction!
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