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Thursday, November 13, 2014 9:58:26 PM
...He's a member of the Sierra Club, so I assume he was on a mailing list that Redford's organization bought. Regardless of whether Redford is successful in his anti-Pebble efforts, Big Chunk is likely dead in the water for the time being. Thankfully LBSR has a diversified field of prospects like Hay Mountain and North Pipes. Frankly I won't be surprised if we stop paying claim fees on Big Chunk at some point. How much cash should Briscoe burn on a project that is huge, but politically blacklisted for the forseeable future?
Big Chunk is likely a desirable strategic alternative to Pebble, but one that NAK can now also leverage given that we handed them several targets in exchange for the loan forgiveness. Perhaps in the future, copper or gold demand and a change in the political climate will enable the development of a project in that region, but holdng one's breath might not be prudent.
BUT, I really like the coalescing of forces between uranium prices and the interest of Genesis Group in our North Pipes project. The influx of revenue into LBSR would solve many problems and send a signal to the vultures that we are no longer hanging by a thread, i.e. announcing the potential for Briscoe to start a drilling program at Hay Mountain with or without funding partners. Thinking about grabbing some more shares while we're still under .02...
(PS- You'll be receiving another large envelope soon! =-)
Go LBSR!
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