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Friday, November 14, 2014 5:10:09 PM
Please read VP's post on Agorocom board regarding a LOW estimate of the proceeds from Breccia North Pipes deal waiting Legal Finalization.
LBSR will get a significant monthly payment toward it's expenditures which totaled 25 MILLION Dollars...how much was LBSR getting from selling shares...maybe several hundred thousands..
Each pipe per VP's calculations as he said has some background in this is about 5 million approximately per pipe Net smelter royalty OR one - half Billion possible dollars....Read VP's message to know his assumptions Which Are Very Conservative...could be Much more.
This is just North Pipes and repayment of expenditures starts almost as soon as deal finalized could be less than month????
The Drilling in about 6 months will start a revenue stream....will lead to hard cash for LBSR. ..company will INSTANTLY exit penny status.!!!
The Proof is cancelation of the sale of 210 Million Shares!!!!
Briscoe knows these shares will Soon be much more valuable..
WE Didn't even Talk of Hay Mountain!
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