Liberty Star Uranium and Metals Corp (LBSR)

[fargo9]

SGR:

Well, looking at the maps from the web sites it appears that the east zone is about 3 miles from LBSR's south line and the west zone about 2 miles. Hard to tell exactly. Notice that NAK's drilling density goes down as they move north. This coud be because the shows were lower grade OR it could mean they knew they were impinging on LBSR land and stepped back in order to think through some sort of JV. I don't know if they have released all the results from those north holes.

In my mind this doesn't prove up a one mine idea and it doesn't exclude it. It's an interesting idea since Pebble east/west is about 5 miles wide and long and, I believe still open is several directions (north may be one of them) - so running another couple miles wouldn't be surprising. If it's still open to the north and the holes look good then that helps support a single mine idea.

On another subject, until the financial structure is worked out, there's probably more that can go wrong than can go right. All the principal players are walking a tight rope and any one could fall off at any time. This is one of the most precarious times in lbsr's life -- but also one with the greatest potential. The geology really won't matter (to us anyway) unless the money issues are resolved.

I'm staying long but wouldn't blame anyone for running from this situation.

Disclosure: currently long - All the above are opinions/guesses only - do your own DD
Anyone - please correct any errors/misstatements in the above

F9