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Re: PURA VIDA post# 48462

Thursday, 02/10/2011 6:42:13 PM

Thursday, February 10, 2011 6:42:13 PM

Post# of 173212
thanks s4, I do enjoy your posts.

Last couple days there has been quite a few talks about mapping with various versions posted, although I am unfamiliar with the overall geography of the area.

Not that it matters which side its on, but lets say if the northern part of the LBSR claims were furthest away from the Bristol Bay area. Although we are free to look for a superior offer, which NAK can match if they want, they have us pretty much tied up through the length of their permitting stage.

All I am saying is if permitting does go through, it would be a great time to suck us up, and even in a backwards scenario, if it doesn't go though, it may be an even better time to suck us up as they could then try again with an area further away from the enviro zones.

Until then, since they are free to match any offer given, it may not make sense for them to grow the area to vastly as it may cost them millions more to push through the initial permit. Better for them to see what happens with this initial permitting, if people see that they have access to an area 4 times as large as they already do, it may be an unwarranted headache as they have managed to tie everything up in a different way.

I do think eventually its a win/win either way, but in the meantime, LBSR does have to wait and we wait along with it.
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