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Monday, February 14, 2011 8:09:52 PM
(future headline --hopefully not too far out, so we don't add a bunch more to our national credit card)
The $14 trillion national debt ”the cumulative total of deficits” is now covered with this purchase by the extraordinary mineral wealth lying beneath tundra in Alaska. 23 porphyries (mineral ore bodies) owned by Northern Dynasty (NAK; and partners) and Liberty Star (LBSR) have been sold to the US government today for $5 billion. With each "pebble" porphyry (containing gold, copper, molybdenum, and silver primarily) worth an estimated $600 billion, this amounts to $13.2 trillion and closely approximates the accumulated overspending/overpromising of the US government of $14 trillion. President Obama will be flying to the Lake Iliamna region on Wednesday to take credit.
NAK CEO Thiessen was unavailable for comment, but James Briscoe, CEO of LBSR was exuberant saying, "This is the culmination of my mining/geology career, and to retire on this news, knowing I've helped solve the national debt is an HONOR.. God bless America!!" LBSR shareholders were found in several cities around the world in states of drunken euphoria, many now multi-millionaires.
Recent LBSR News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:31:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/14/2024 08:30:16 PM
- Form D/A - Notice of Exempt Offering of Securities: [Amend] • Edgar (US Regulatory) • 05/29/2024 06:46:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 08:34:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 10:10:34 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/15/2024 09:04:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 10:13:24 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 06:43:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 07:20:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 09:17:20 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 08:57:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 10:19:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/24/2024 09:23:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/24/2024 09:21:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/24/2024 09:20:38 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/23/2024 06:41:06 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 12/22/2023 10:31:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/15/2023 09:32:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:11:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:08:27 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:07:51 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 11:06:10 AM
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