Liberty Star Uranium and Metals Corp (LBSR)

[StealthSwimmer]

http://www.petroleumnews.com/mnarch/04-38-1.html

Nothing major, the FMM / PLP JV has already been discussed, but this did catch my attention as it mentions our agreement with NAK at the bottom:


In July Northern Dynasty bought 60.7 square kilometers, or 23.4 square miles, of Liberty Star Uranium & Metal Corp.’s Big Chunk and Bonanza Hills properties. Big Chunk is adjacent to the north border of the Pebble property and Big Chunk is a high-grade gold prospect located about 40 miles, or 64 kilometers, northeast of Big Chunk. The purchase represents about 13 percent of the properties and Northern Dynasty has the option, subject to signing a definitive agreement, to earn 60 percent in the remaining lands.

In order to keep these claims in good standing, Northern Dynasty completed a small exploration program that included an airborne ZTEM survey.

The Pebble Partnership is currently considering exercising its right to acquire these lands from Northern Dynasty.

I'm assuming they mean the land that was purchased from us. The pebble partnership has the ability to acquire lands from NAK? You seem to have a better understanding of how these deals work. I don't quite understand what kind of agreement PLP and NAK(being a part of PLP) have in regards to land ownership but I'm assuming if we enter a JV with PLP instead of just NAK it would only be a good thing given Anglo's resources and the amount of money they are pouring into the pebble project. Do you see this as a good possibility(a JV with PLP similar to FMM) or do you see the difinitive agreement coming out with NAK as originally planned?