Liberty Star Uranium and Metals Corp (LBSR)

[Milo2]

Estimated worth of AZ North Pipes:

"...we now control 350 pipes or essentially 50% of the entire district. This gives us the potential of about $38 billion in gross uranium over the next 30 years of production at a very high profit rate...Using what we believe to be a conservative success ratio of 18%, which is also based on the history of past production, of the 350 breccia pipe targets or pipes, as we refer to them, we should end up with more than 60 viable mines. With the conservative assumption that these 30 contain 5 million pounds of uranium each, we would produce a gross amount of about 300 million pounds of uranium which, at the current price of about $130 per pound, would be worth approximately $39 billion. Because each ton of ore contained about 16 pounds of uranium, the value per ton at today’s prices is about $2,080, not including any credits for by-product metals, which could include copper, zinc, vanadium, silver, and others." [CEO James Briscoe 2007]

http://www.ldvcapitalmanagement.com/CEOTranscript-AnalysisReport.pdf