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Re: gold56 post# 55485

Thursday, 04/28/2011 1:08:39 PM

Thursday, April 28, 2011 1:08:39 PM

Post# of 173300
If the ZTEM turns out to be correct after drilling, there can be 7 pebble mines in comparable size within the Big Chunk Super Project. That would be 7 X 500 billion to = 3.5 trillion dollars. If only half of the reserves are there, 1.5 trillion can be assessed at BCSP, alone. For Bonanza Hills, there is no data from the ZTEM as yet. But, assuming that gold will push to $2,000, it makes sense to add another trillion dollars to the scheme of things. So, over 4 trillion dollars may fit the puzzle, nicely. Arizona may bring another trillion if we add the uranium, copper and silver that is expected to come to fruition. So, now we are up to over 5 trillion dollars. For the uranium, Briscoe plans on mining that area with the money that is made from other projects. Once money starts flowing into LBSR, there is nothing to stop it and the price will reach far above $1 even with our present share structure. Mind you, none of what I say may be exact. This is just a lot of speculation.

All in my humble opinion.
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