Liberty Star Uranium and Metals Corp (LBSR): re: JV with NAK, what's your take on thi...

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Liberty Star Uranium and Metals Corp (LBSR)

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Re: onemessageonly post# 9914

Sunday, 07/25/2010 4:41:12 PM

Sunday, July 25, 2010 4:41:12 PM

re: JV with NAK, what's your take on this:

imo it's actually to HD's advantage to make an early offer to briscoe and buyout LBSR before they drill too many core samples and start proving out the value of deposits in the BCSP. the more HD/NAK move forward and verify what's in the ground, the greater the risk they'll have to pay a lot more $$ to briscoe. there's also the risk some other big fish will make its own independent offer to LBSR and NAK/HD will lose their shot at BCSP. think bidding war.

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