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Re: king yukon post# 50849

Monday, 02/28/2011 12:42:10 PM

Monday, February 28, 2011 12:42:10 PM

Post# of 173226
Sometimes re-affirmation is a good thing. He's congratulating Northern Dynasty Minerals making a clear indication of our continued relationship with the company and reiterating the fact that we have geochemical and geophysical surveys that say we have something similar to what they have in the ground. It certainly doesn't hurt to come out and make such a statement.

If a drill plan, announced by Northern Dynasty, is revealed in the upcoming months and people start looking further into the company I would hope they would come across such statements.

Of course, some will find a reason to be negative about everything. Fine... I heard the same complaints last year while I watched my account multiply several times over.

So many people whine about the silence from the company as if they can move this along any faster than it's progressing. LBSR cannot move forward on the Alaska project until weather permits. There's nothing to do at current time until we can drill. We have the perfect JV partner lined up with connections to huge money. It's now a matter of proving what we have in the ground. That's what you're betting on here and nothing else unless we get news on another project which at this time would only be a positive.

Also consider that Anglo American was not happy about the announcement made by NAK. It's a clear sign that they want to stay out of the headlines while fighting the PR battle and working towards the permitting process. Think about that for a minute.

Consider the following:
1. We have cash and are in no danger of losing our claims (compare to last year)
2. We have the perfect JV partner lined up for Big Chunk - They have paid for additional exploration and will likely pay for drilling.
3. Anglo / PLP are doing ALL the work to allow permitting and will continue to pave the way for us free of charge (biggest gift of all, without this we wouldn't be able to do anything with these claims)
4. We have other projects that add value to the company.

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