Liberty Star Uranium and Metals Corp (LBSR)

[kagey1]

If you read section 4g again, the 60/40 split of expenses only comes into play after NAK expends the $10M required for the earn-in. Also, if NAK did spend that amount of money on proving up the claims etc, then at that point it would be easy for LBSR to raise the necessary funding to help pay their share of the continued costs of the JV since the share price would very probably be many multiples higher than it is now. I think if/when it gets to the point that NAK spends the entirety of the $10M the ball game will be completely different for LBSR as to how they go forward and their ability to obtain financing under more favorable terms.