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Tuesday, November 29, 2011 11:31:03 PM
IF the folks at HDI wanted to check out BH, having their NAK subsidiary perform ZTEM analysis would be easy, as they are already in the area, well connected, and currently under obligation to spend money on LBSR claims anyway.
And IF they wanted to keep it under wraps, keeping the ZTEM data in-house would give Briscoe the perfect excuse to not file any material event requirements. It's NAK's data at this point, but of course it would be available to HDI and anyone else in the PLP they might wish to include in negotiations...
So it may make perfect sense that the ZTEM is not in our hands. That certainly doesn't mean that Briscoe or some board members have not heard informally about the results. It could be very handy to have a non-finalized JV partner handle the data precisely to avoid any legal obligation to divulge such information publicly. MLV may have also acted as a legal buffer in this respect.
I won't be surprised if a huge fish bites at this company, but I will be very happy.
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