Wednesday, November 19, 2014 2:40:29 PM
This is the preferred intermediate strategy, but there is a big difference
in price between the last scheduled drilling and the announcement of
drilling results....Many times the results will lead to more drilling
than scheduled because the resource is 'open' in direction or at depth.
So, LBSR to Dollars, the question is what do you define as the end of
exploratory drilling? Will you wait for results? The other thing of
interest is how fast it can be drilled out, the seasonal limitations
of the North country will not apply to drilling Hay Mountain, and JB has
hinted at fast paced schedule should early exploratory holes match
ZTEM indications.
LH
777 It looks like position builders, are finding it harder to
get sold shares back at a significant discount to justify the risk
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