Liberty Star Uranium and Metals Corp (LBSR)

[luckyjackaubrey]

KY,

I'm not disputing anything, just pointed out a fact. As far as heeding those "Who have done", that makes the involvement of MLV all the more noteworthy, does it not? But we don't know how/if Tombstone is relevant to their involvement.

I pointed out a FACT, only because it offers counterpoint to the anticipation, and by doing so, perhaps, perhaps not, it will allow the discovery of an unknown truth or the discarding of a truthless expectation.

An inferred estimate is indeed possible based on:

www.cim.org/committees/cimdefstds_dec11_05.pdf

"The term Mineral Resource covers mineralization and natural material of intrinsic economic interest which has been identified and estimated through exploration and sampling and within which Mineral Reserves may subsequently be defined by the consideration and application of technical, economic, legal, environmental, socio-economic and governmental factors. The phrase ‘reasonable prospects for economic extraction’ implies a judgement by the Qualified Person in respect of the technical and economic factors likely to influence the prospect of economic extraction. A Mineral Resource is an inventory of mineralization that under realistically assumed and justifiable technical and economic conditions might become economically extractable. These assumptions must be presented explicitly in both public and technical reports."

"Inferred Mineral Resource
An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.