Milo2 - I have the same vision as Crujones with regards to NAK's fall back plan.
LBSR's ZTEM report indicates 6-7 anomalies at the size of the Pebble Deposit. NAK has reviewed the details and hence we are tied to their hip. A few of those 6-7 big hits could be farther away from the enviro-tree huggers opposed zone. One good example will be Bonanza Hills and White Sox. This is what NAK/HDI is looking for in case Pebble Permitting gets denied. After all the money NAK/HDI has spent, they will not just give away their efforts. For this only reason, they have to drill the BCSP ZTEM targets and locate the reserves and be ready for the fall back game. One might ask, what does this fall back strategy do for us? Well, first, they have to drill and get everything on paper (at least the preliminary resource estimates for BCSP). By this time, it is material event for LBSR and our PPS would have sky rocketed already. So, first it increases investor confidence and raises shareholder value. NAK/HDI WILL NOT be able to hide BCSP drilling or drill results (even if the JV is not inked). NAK/HDI just won't be able to hide a big pumpkin under the basket.
Based on this strategy, it is certain that NAK will announce a drill plan this spring to get their ducks in line. If Pebble Permitting is approved, then there are even more chances for a big third party to outbid NAK's JV. I think NAK/HDI will start proving out BCSP/FMM reserves, consolidate the caldera and sell it for BIG MULTI-BILLION (10-15 Billion as a conservative estimate). Like I said in my previous posts, either way it will be a WIN-WIN for LBSR and Crujones pointed out the same thing! We should start thinking like how they think! Looking at the PPS everyday and whining and moaning isn't going to help. LBSR (JB) has always released material news and is a NO FLUFF PR company. Something VERY BIG is going on behind the scenes and we just have to sit tight and wait for those events to happen. There are many clues in the filings - e.g NAK paying for the Alaska claims until August 2011 and doing a complete ZTEM. The money NAK has spent so far (without the inked JV) is no pocket change. NAK is obligated to HDI/PLP and they are big corporates. Those who don't understand why NAK has spent so much money on LBSR claims - just sell and go look for other plays that can make you rich overnight! Those who understand true DD and have a vision about the future potential here will buy the FEAR and go long!
One needs to correlate the excellent DD posted here and think very deep as to the strategic alignment of the Pebble project. Yes, this requires courage and determination and needs real "BALLS of STEEL".
Know what you own and why you own it!
AI
