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Re: xZx post# 67965

Wednesday, 08/03/2011 10:19:47 AM

Wednesday, August 03, 2011 10:19:47 AM

Post# of 173288
Good Post xzx.

I've been holding back on this opinion of mine for a while now, but what the hell...

I actually hope the Pebble project fails, and here's why:

1) If Pebble is around for 45 - 78 years, why would anyone need to open up our BCSP claims during that time? The demand for our copper/gold reserves would be quelled by Pebble's production.

2) NAK/HDI don't want us to get our BCSP claims developed before their claims. We're in straight-up competition with them. IMO, it's a race to get one of the biggest copper/gold claims in the world into full mining production. If NAK/HDI was so excited about our claims then why aren't they drilling the hell out of them right now?

3) Why did we partner with MLV to find financing and production partners instead of HDI? HDI doesn't want the world to know about our Big Chunk claims because they are geographically/environmentally better situated than Pebble, plus they're probably larger in size and ore value.

4) If Pebble fails, Anglo and HDI will be looking for an alternative plan...which I think will become our Big Chunk claims, for the reasons outlined above.

5) If Pebble succeeds, Anglo/HDI/NAK will turn a blind eye to BCSP. What's good for Ron Thiessen is not necessarily good for LBSR, and vice versa. True, we did get a comprehensive ZTEM of NAK and LBSR Big Chunk claims, but why aren't the drill bits hitting the ground? Thiessen will keep us on the back-burner until Pebble fails, then we'll become Option B for HDI/NAK.

I truly hope Briscoe doesn't trust Thiessen to do the right thing for LBSR, which I think the hiring of MLV is evidence of that.

JMHO


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