From NR 191-
LBSR is pursuing permitting on the entire grid simultaneously....permitting the entire grid at once is more efficient in terms of time and costs ....This would allow immediate continuation of Phase 2 drilling, with no time lag
--WOW!
LBSR has received word from the Arizona State Land Department that our Plan of Operation with archaeology survey should be completed in one to three months, entirely dependent on their schedule.
--NOT bad for the entire grid!!
The JV would be between partner(s) and The Hay Mountain Project owned by Liberty Star, and would be managed by Liberty Star
--WOW!
Partner(s) would provide capital of $6.5 million for the Phase 1 drilling program and have an option to contribute $65 million for the second phase of drilling. Investors would also have the right of first refusal to contribute addition funds for the final permitting, design, construction and development of a mine(s) at Hay Mountain.
-- LBSR OWNS and MANAGES this project! -WOW!
Liberty Star is not contemplating an arrangement exchanging stock to capitalize Phase 1 exploration drilling or subsequently Phase 2.....
--LBSR wants CASH ONLY from partner(s)/investors.WOW!
States Liberty Star’s CEO/Chief Geologist James A. Briscoe: I am confident that the attractive JV proposal we have put forth will net us a suitable partner.
--WOW!
IMO, When LBSR partners they give up a % of the Mining value....PERFECT!
I love the "Master Plan".....here's to a successful outcome!
This is my take, let's here others!
ICE
