Liberty Star Uranium and Metals Corp (LBSR)

[StealthSwimmer]

Everyone was expecting quick news regarding the JV. Most of those people, including myself, have no idea what is involved in putting a deal like this together. More information continues to come up about timing. I just posted an articled that threw in the fact that Pebble Limited Partnership had 90 days to decide whether or not they wanted to include our claims or just let Northern Dynasty control them solely. This is a reasonable explanation for the long wait. We're waiting on Pebble Partnership to make this decision and will likely not release anything until they are given their allotted time. There's also the fact that we had to deal with a lawsuit. This is a complex deal. Our books were opened to Northern Dynasty for them to carefully review our company and I'm sure they are looking into everything we currently own as they will own a substantial amount of our company since they own our debt(as previously explained by OMO). There's the possibility of umbrella management(as OMO has also mentioned). So basically have a complex deal with a lawsuit in the middle AND we are dealing with both NAK and the possibility of Pebble Partnership and have to give them opportunity to make a decision on what they want to do. Needless to say, it make sense as to why this is such a long process.

I've also speculated that the November elections might be playing a role in things. Pebble Partnership is devoted almost entirely to PR which is what's necessary to get us to eventual permitting and production. Pebble mine is a major hot button and it's one of the questions all candidates are being asked on a regular basis. It wouldn't surprise me if there has been an agreement to basically shut up keep pebble mine out of the news until after Nov 2.

Take note of the fact that after our JV was announced with NAK a JV was also announced with Full Metal Minerals and Pebble Partnership(NAK + Anglo) giving them until mid October to do DD. I think it's quite telling that during Pebble Partnerships alloted time to decide whether or not to include our claims a deal was struck with Pebble and FMM. It's also telling that a ZTEM was conducted on FMM's claims(a technology that we initially used to sell NAK on our piece of the caldera). Also note Pebble asked Full Metal Minerals for an extension to October 31st for DD(that's today BTW). Every piece of information that comes out only solidifies my opinion that something good is happening behind the scenes.

If I had to speculate again on a time frame I'd say anytime between Nov 3rd and the end of November. Given what's at stake here and the magnitude of this project I wouldn't be surprised to have a few more weeks of silence.