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Monday, October 11, 2010 11:32:35 AM
And strong evidence suggesting that LBSR may have multiple Pebble-sized deposits, I think $10 and more is a very realistic target, especially if gold continues the upward march. Even though the O/S structure is quite different from NAK, there is most likely a big enough pile of goodies to light a big fire under LBSR. For my average in, I'll be making outsized returns long before we get to $10 PPS.
And gold is in no danger of bubbling just yet, with EU banks quietly shutting down gold sales in response to continued currency instability. Between currency hedging, industrial demand, and a general unrest concerning market futures, gold will continue to drive the PPS.
Of course general economic recovery leads with raw materials and mining, and we're holding one of the largest valued metals deposits ever discovered, perhaps THE largest, at precisely the time when such assets climb quickly.
Strap yourself in and be brave...
Recent LBSR News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2024 10:08:33 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 03:02:23 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 06:41:04 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 07/26/2024 09:00:19 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:31:01 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 10:13:24 AM
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