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Re: Fernace post# 39172

Monday, 12/06/2010 10:24:27 PM

Monday, December 06, 2010 10:24:27 PM

Post# of 173232
The &%$#ing MM's...



...allowed me to average down and acquire a much more significant holding than I would have had if the run to .19 had continued unabated. And as much as I think Alpha and Platinum are wretched bottom feeders, their actions brought a drop in the share price that likely won't be repeated, and I set targets and grabbed shares. Now that the talk is turning to a much higher number of potential targets and VP's hopping about the globe, I just wonder when, not if, this run will get some traction, especially seeing uranium demand fall in line with the expectations I read about last year. Time to let some friendly overseas money drill and spill, establish valuations for claims.

I have about six times as many LBSR shares as I originally wanted to buy. No regrets, but serious expectations. Try to imagine how trillions in precious metals would get left in the ground and forgotten. Ain't gonna happen. I also like the idea suggested here that the LBSR claims are a nice compromise on the environmental concerns, having large claims farther from the sensitive areas. ZTEM says they should be as commercially viable as Pebble (or far more), but they might be considerably easier to permit at some stages. Might be a strategic leverage point that makes LBSR more desirable.

All my opinion, including the opinion that we'll all be very glad we own these shares over the next few years. Onward and upward.
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