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Re: CEMJQ Multi-Millionaire post# 74880

Tuesday, 10/11/2011 12:19:37 PM

Tuesday, October 11, 2011 12:19:37 PM

Post# of 173216
CemjQ - please don't mislead other's into thinking that Briscoe/LBSR burned through 3 million dollars. The 3.3 million loan that is collateralized through the BCSP and BH claims holding was to pay off the creditor's...it had nothing to do with any burn capital. The 1 million dollars we received was for the 23.4 Square miles of claims we SOLD to NAK.

And, we must remember that the Offer Letter from Mr. Thiesen Dated June 29th has many details all which have been reiterated here many times. NAK has the right to use the 3.3 million dollars as part of the earn-in.

http://www.faqs.org/sec-filings/100708/LIBERTY-STAR-URANIUM-and-METALS-CORP_8-K/ex10-1.htm

For those who continually say we don't have a JV yet, NAK has more time to execute that earn-in....read the letter again (not aimed at you cemjq) but other's who keep using this as a way to try and sway other's.

I could go back and pull up many many posts explaining all of this, but people will use what they can for whatever reason to try and bad-mouth the company.

but, one must get their FACTS straight here and not use fiction to make points.

All Posts of mine are my own personal opinion. Have an AWESOME LBSR DAY !!

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