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Re: gold56 post# 55270

Sunday, 04/24/2011 3:26:36 PM

Sunday, April 24, 2011 3:26:36 PM

Post# of 173238
Yes, REALLY AMAZING, when you stop to realize how much potential this company has with so many different types of minerals!

Average ore reserves for an individual mineralized pipe at that time were determined to be about 3,500,000 pounds U3O8, with an average grade of about 0.6 percent U308, then giving the average economically mineralized pipe an approximate before-tax, undiscounted in-ground value of about $105,000,000 (more than $225,000,000 in 2007 US dollars).

Dr. Karen Wenrich states, “Although these uranium grades are dwarfed by those of the Athabasca Basin unconformity deposits in Canada, it is significant that (1) the breccia pipe mining costs are significantly less for the Arizona deposits, and (2) these ore grades of 0.4-1% are as high or higher than any other global uranium-deposit type.”


Liberty Star Uranium and Metals Corporation: 343 targets...a 1/5 of one pipe gives us our current value by the market.

We sit with a market cap of < $20M. NOT FOR LONG, LBSR's, NOT FOR LONG!!
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