Liberty Star Uranium and Metals Corp (LBSR)

[carolinacoast]

If you look at market enthusiasm, this can go to $10 and NAK to $70 just on the Alaska claims. Right now miners are dead in the water - thanks to the macros of 2011 and a effed up market of computers and manipulation. If commodities get their day, these valuations resurface. Nothing has changed what is in the ground.

Yes, management isn't great.Yes, a buyout occurs before $10 comes. Yes, they need a to have someone agree to drag them along, if Pebble goes forward. How much do you need to mine, when you have a 100yr mine of 60% of the resource next door? Who knows.

But the 2010 market enthusiasm remains...as does the resource. Add the Pipes, and LBSR always is a good bet at 2 cents. I don't believe anyone here truly stakes their future on LBSR. But as a penny play, this still has the greatest upside in risk/reward.

As you likely concur, they need financing, drilling and promotion. So far they blow on all three. But most of the sector is in the same boat, regardless. A bit of forward movement is needed all the way around.