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Re: HKipp1 post# 42791

Tuesday, 12/21/2010 11:27:18 PM

Tuesday, December 21, 2010 11:27:18 PM

Post# of 173288
Briscoe is not an ideal CFO...



...but there aren't that many people who could look at the mineralization and geology at Pebble and make the leap to understanding that it was a section of collapsed caldera. That little piece of information was the catalyst that lead to the initial claims, the ZTEM survey, and the eventual acquisition and drilling of some of the claims by NAK. The chance to trade on that info while the stock is under a nickel is a long-term speculative play, and a good one as I see it. Letting the JV partner prove the reserves will keep the cost down for shareholders while the news itself should put some real legs under this stock. The budget is there, the agreement is in place, and any positive results, on the NAK claims or the LBSR land, should benefit the stock.

Pebble was proven without ZTEM. Briscoe's surveying of the NAK claims for comparative data was a stroke of brilliance, because it instantly put the LBSR claims in the same league with Pebble for anyone with a grasp of the technology. It should also make the drilling accurate and straightforward compared to what NAK had to do.

So events are scheduled, progress is being made, and smart people are seeing opportunity in the current PPS.

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