Liberty Star Uranium and Metals Corp (LBSR)

[ValuePro]

"here's what i'm wondering: with cash available now, is LBSR planning to do their own shallow drilling program in BCSP, using ZTEM as a guide?"

Why would they do that when they have a potential joint venture partner on the hook to spend exploration money?

I'm not sure, but I guess one possible answer is, if they can prove up from drilling what ZTEM shows, NAK will be in less of a strong position going forward, and LBSR may have a stronger hand in dealing with potential other partners. But all of this will add weeks, perhaps even months to the closing of a deal - NAK or otherwise.

Can't think of another reason, can you?

My guess is if there will be any drilling by LBSR near term, it will be on uranium targets in the Arizona Strip.

Time will tell.

VP in AZ