VP, your comments this morning also make assumptions that may or may not be true:
1. that only one operator will do a JV on these claims. if BCSP were parceled out to several companies they'd
a) start the extraction process more quickly
and
b) LBSR would get a higher valuation per deposit, if these various "pebbles" were mostly active sites.
2. that the OS will do nothing but go up. not so, when you consider how undervalued the stock is, a buyback would be quite reasonable if funds permitted, even if these shares were then used as equity stakes for future partners, i.e., a net wash.
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let's keep in mind that with china, india, and so many other developing economies maturing in the next few decades this is a new paradigm. we'll need to see the pace of mining increase dramatically to meet this demand.
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