Liberty Star Uranium and Metals Corp (LBSR)

[Belgianshareholder]

Recap posts regarding presentations!

MineAllMine Share Thursday, July 05, 2012 3:06:22 PM
Re: None Post # of 99909

Ok, here is my summary of the first presentation. So please skip if you want to be surprised. I am going to try and be factual--no opinions or analysis. First, JB said one of the purposes of the tour is to give current investors the first opportunity to become private investors. I need to find out more about this. Tracy was talking to someone and I couldn't wait. The presentation was often technical (geology) in nature with lots of slides of maps so I will cover highpoints more as bullets rather than an ongoing description.
--JB mentioned the toxic financing and how that company in NY wanted 95% of the company in addition to other "dilutive" conditions. They wanted more shares. He said no.
--He realizes that the NAK deal, 10 mil over 6 years for 60% was not that favorable to LBSR but there was no choice
--The company was pretty quiet for a while because the SEC requires a quiet period related to the S-1 with Fairhills. But, contradictorily, since the SEC also requires releasing material events, he did release some news in that period
--The company as we all know started with Big Chunk but moved to North Pipes focus when the "environmental furor" in AK began. Then after some drilling, the 2008 crash occured. After that was the experience with the toxic lenders.
--Pebble is actually a pancake shape not cylindrical like model porphyry systems. Dr. Jhon Guilbert told JB he has never seen a pancake system. Maybe someone could ask more about this?
--If AZ were a country, it would be the 2nd-largest copper producer in the world after Chile. JB mentioned the Resolution Mine nearby having copper at 7000 feet and seemed to think this deep mineralization may occur in other areas around here
--There was a guy there who had done sampling in Tombstone. He pointed out that he could do about 30 to 40 soil samples a day or 20 veg. On other words, it takes a long time!
--They want to drill in AK first and then AZ. Money is an issue on the Ztem over the Tombstone claims. JB mentioned $2 million. Again, meeting goes fast. maybe someone could confirm that.
--here are a couple weird ones that JB could not say much about. One in the last 48 hours, two entities who had said no to any JV expressed new interest. Maybe another possible question, but not sure he can say more.
AND FINALLY...this literally happened in the last minute of the presentation and, to me, (the only opinion I offer in this whole post), it was a zinger. JB said that because of Larry Liang's "organizational skills" there are parties in China who have shown interest in BCSP. But JB said something like they cannot get involved in "grassroots" things. If and when drilling reaches the core (?) of minerals, ot could be possible that these Chinese entities would invest millions. Again, I don't think he could say much more, but maybe someone could see if he can say anything else. It was almost an aferthought right at the end, but it seemed huge to me. Just nothing for sure, but shows LL has been working! OK, hope that helps. I'd still be very intrested in other analysis and opinions of this post and , of course, reports from other metal tour stops.

MineAllMine Share Thursday, July 05, 2012 3:50:09 PM
Re: MineAllMine post# 99444 Post # of 99909

two more things from the meeting but first I think 2 people asked me questions: 1) yes, definitely trying to sell a JV but it sounds like this tour is to try and find some private placement that is more favorable than Fairhills. It sounds like some JV partners like the one(s) in China would get in if we had drilling results and that's what we need money for. And that answers another question someone asked. What do I think of my LBSR shares now. But I think it is fair to say that, even though JB has to be cautious, he thinks the Tombstone potential is gigundus. I don't think that is a geology term! The mtg. confirms that money now can get us more money later. Which leads me to the two things I forgot:
1) someone in the meeting asked why the share price jumed last week. PART of JB's answer was, "there was a lot of people sitting around waiting for us to go bankrupt so they could glom onto our properties." In other words, that risk went way down with the FH money. and
2) JB has proposed an innovative way to handle tailings in AK called "circular dumps." He called it "2015 technology". he said he has actually talked to Native groups up there about solving the problem this way and they seemed enthusiastic. He also said someone in the EPA (???) told him if he could do this, it the environmental issue would "go away." Again, this meeting went really fast and jumped around so that might be another question to follow up on for someone.

Re. JB's presentation in Scottsdale yesterday (part 1)

Please note that I made no attempt to be thorough, that I recorded things that may not be of interest
generally. I only made notes where my interest was provoked, or where I noted something I thought to share. These are not likely to correspond to that which the typical shareholder may find of value.

Also, some of what I offer here must be viewed as interpretation, which may or may not be factual. Read cautiously, and always verify
anything which may cause you to make a decision one way or another.

Further, while JB's presentation was logical and orderly, what I made notes on does not reflect that.

Firstly, let me say that this was my first meeting with JB, and it confirmed (in my mind) what I'd heard and believed from other sources, that he is a brilliant and dedicated scientist, and a "straight shooter".

Including me, and excluding JB, there were 17 of us in the room. I could be wrong, but my impression was that only 3 or 4 of us were what I might consider "experienced" in the mining sector. And in a random observation, nearly everyone left the room at the conclusion of the presentation.

O.k., now, as to why we are hearing more from the company lately, it's because they are just emerging from an SEC mandated "quite period", which grew our of the Fairhills deal. In other words, news was building, but it could not be released until recently. So, what we have now is a company in need of cash in a tough market for raising it, especially among exploration-phase mining companies. While the Fairhills
deal is in place, it is not as advantageous as alternatives, such as raising cash in private offerings from existing shareholders (hence the tour).


Sentiment : Strong Buy

(Part 2)

Moving on to other subject areas, North Pipes, among other things, has up to 15 percent zinc, plus Vanadium. While there may be a million breccia pipes in the Arizona Strip, environmental concerns, rightly or wrongly, are compromising development, though
LBSR is grandfathered.

Silver Bell appears to have land area complications resulting from the creation of the Ironwood National Monument. However, there is a work-a-round available
via ASARCO. To my mind, this limits the potential for partnerships at Silverbell
to ASARCO, and that will happen when ASARCO is ready and not before.

Resources at Pebble are at least double what has been published. Pebble is the worlds largest gold target.

One of the best Big Chunk targets touches on the edge of the Pebble project in the White Sox area. IT IS DRILL READY, but the company wants to raise 2-4 million
first.

Owing to Chinese internal restrictions on investment expenditures, LBSR will need to advance Big Chunk by about 25 million dollars before JV funds can be expected from China-based
companies. One or more, and I'm not clear on how many, are very seriously interested,
but they are held back until further field work meets their prequalifications.

Otherwise, the presentation was punctuated with lots of graphics, some of which are "proprietary" and will not be available on the company Web site for now. This
seemed particularly so in regards to work going in and around Tombstone.

Given general market conditions, and more so in recent years, major mining companies are even less inclined to finance/JV exploration projects. I will add, too, that with banks also being out of this market in recent years, these are really hard times for explorers. So, while some of us have been speculating about possible JV's with Freeport, or other majors active in Arizona, such does not seem likely.

This all means that explorers such as LBSR must rely on their own abilities to raise
raise cash, as traditional other sources have gone dry.

I would conclude, therefore, that if anyone is interested in acquiring blocks of shares here, that they contact the company before going to their broker, or buying piecemeal OTC. I would do this, but I'm overextended here already.

VP in AZ


Sentiment : Strong Buy

fete2dbet Share Friday, July 06, 2012 11:33:39 PM
Re: None Post # of 99913

Post as to Los Angeles Presentation…. I will again apologize for my lack of sophistication and lack of knowledge as to mining and mining terminology and investment in general. Please know that everything I say is based upon my own observations and own opinions. I am a “joe average” investor and I am certainly not qualified to draw conclusions as to what I saw at the presentation and offer only my opinions. One quick note, I want to thank this board for the collective knowledge and diligence in research… there are some people I really admire here.
As I stated before, James Briscoe emphasized that he appreciates the shareholders who have hung with him throughout the years. He mentioned that the share price was up and mentioned the volume. My impression in general is that he cares about the shareholders’ hard earned money and would do what he could to keep the share price up. It is now common knowledge that the tour is to give the shareholders there chance to make money. Fairhills can make their money with a draw down if necessary however the first come the shareholders. He did mention that warrants were done a few days ago in the context of talking about shareholder support.
He emphasized that the company is at the cusp of going forward in several respects. He mentioned that interest is growing. Even those who had “dissed” them were now coming around and saying “can we get back in.”
Some preliminaries, get there a little early if you can as you will probably have a chance to talk. Bring your business card, you will get his. As mentioned by MineAllMine, it goes fast so have your questions ready. If you can sit next to the projector table as it will be necessary to ask some of your questions during the presentation and it will be easier if your next to him. If a topic is brought up, it is probably okay to digress a little with your question.
Yes, you will get a lesson on geology with Big Chunk and Tombstone/Hay Mt. but I found it instructive. By the time of the last image you see Tombstone and HayMt laid out with potentially targets and the overlays and imagery and it a beautiful sight.
I also understand that Big Chunk is the first target but understood that it was more for reasons of drilling during summer (darkness, cold) and that drilling is only allowed during summer (further “shareholders” “shs” check these facts). With Big Chunk I saw four distinct drill targets (“shs” check location as it seem to be adjacent to Pebble) and then of course the 7 – 12 anomalies. Other “shs” will want to nail this area down better.
Now this is where my lack of mining knowledge comes into play (I apologize, “shs” you should ask)…I believe it is already out there that they plan to use dry stack tailings method (though he also mentioned another name for it) with a collection disc in the middle and the “circular hill idea” which will work with the environment to hide and camouflage. Others in the area are using older technology. One apparent reason, they have to work with the Native population. He mentioned that he went to a series of meetings with the Native population in 2005. He arrived early, left late, ate with them, asked them their needs, and was confident that Liberty Star is good with the Native population. Also, permitting would be much easier.
One thing that I came out of with the presentation is confidence that the company has the computer analysis aspect well in hand. He mentioned one gentleman who does the GIS computer programming that was a virtuoso. I do not think it is important to give his name as believe it or not my “gut” says that he is too valuable to let someone else have him. But he did reign from a university in the area I live. Small point, what a room full of men years ago cannot even come close to what can be done with the right data and computer analysis. My interpretation only, LBSR can hold it own even with the larger companies in this area.
At this presentation, North Pipes was mentioned briefly, specifically as to the Triple Pipe Target.
Larry Laing, he is in Seoul, Korea and Beijing, China. He did not say it but a reasonable implication is that he is gathering financial support. What was mentioned before (MAM I believe, sorry is I am wrong), that Chinese financing is a option but as mentioned and confirmed, they do not do “grassroots” operations. The initial money if it happened would be $ 200 million. He and Larry Laing went to China and he was ushered up right into the building with the mining dignitaries. My impression (and mine only) Larry Laing is probably more important than many have thought.
Yes, the private placements/offerings are a part of this, however, what was said during the presentation made me believe that this was doable.
I still retain my “lurker” status and part of that is that I am just not good with detailed questions, but will try with the proviso that I am on a beach trip for much of tomorrow, Saturday, and will not be around until nighttime. By that time hopefully much of what I said will be moot as it will be reviewed by persons much more qualified than myself. There are many questions to still ask so I wish those going to their presentations the very best of luck and enjoy.

deadeyeca Share Saturday, July 07, 2012 11:22:30 AM
Re: None Post # of 99913

I attended the SD shareholder Whirlwind Tour meeting at the 4 Points yesterday. Previously, I met Briscoe in a similar venue in a similar format nearly 10 years ago. He's gained a pound or two and his hair has grown gray. But same professionalism, same awesome geological knowledge, same enthusiasm. I missed not seeing he wife again. They do seem to have a grounded, successful relationship.

He started in his very conversant manner discussing his personal history, his achievements in drilling early in his career and then worked into the story of LBSR. Very compelling speaker as he comes off as thoughtful, meaningful and knowledgeable. I've always admired his geological background.

Issues were candidly discussed: the religion of environmentalism and it's affect on Pebble/NAK/Anglo and his decision to not pick a fight he couldn't win. NAK/Anglo's 'full plate' with the resultant minimal beneficial efforts toward BC. Simply, NAK's buy-in isn't the best deal available. He elected to not pick a fight in BH where the long distance from civilization and the proximity to a National Park caused him to drop the BH claims. The current administration seems hellbent to stop all business progress when it comes to developing our natural resources. Salazar's attempts at re-work the national resource political landscape especially in AZ. Toxic financing in previous rounds of dilution. Lawsuits, bitch fests and bickering. China's unwillingness to invest in 'green stake' properties. Liang's connections seem to remain disconnected for the time being. The simple need for a new Wash DC administration. On and on, more and more. Lots can happen in 10 years.

All the while his demeanor to the current crop of shareholders was respectful and almost apologetic. I get the feeling he has some personal IOU's to fulfill.

The current attempt at fundraising will be done with a 1 share + 1 warrant priced at 4 day VWAP moving average, based on date of wire transfer. $50K minimum with standard 144 restrictions on both stock and warrants if exercised immediately. Clearly dilutive but a better deal than Fairhills for the current underwater shareholders.

Up to $25mm cash will be used to drill Big Chunk main targets (I thought it might never happen) and Hay Mtn. Both are fully prepped for drill targets with multiple layers of tech mapped out in Briscoe's own highly prepared way.

Previously I had garnered that AK is only drillable in summer months. New idea: drill in winter where the land is firmer therefore easier to navigate movements while using external lighting to mitigate the constant dark. Interesting new opportunity.

Discussion on block caving mine design for BC seemed interesting. Initial primary hole scrap will be used to create an inverse moat around the block cave mine. Planting foliage, trees and ground cover would make the mine invisible to all those non-airborne. Interesting way of dealing with the tailings by removing all metalics and using the clean talings as slurry with concrete to build from bottom to top in block cave fashion. Would this mine style genuflect appropriately to the alter of the political/environmental religion?

Hay Mt seems to have Briscoe's signature caldera prospect targets included REE's and copper. Much essier to drill in AZ than AK so some early gains may be earned here.

Interestingly to me, contracts for Big Chunk have a 'pay or pay' arrangement with a hard date. Pay for drilling expenses or pay for contract penalty. Briscoe's leaning towards the former. Thank you very much. Date is soon: this summer.

All in all, I remain upbeat on the assets and their potential. Why not? Pebblle is the largest gold/copper/silver mine in the world. ZTEM on BC is ever better. I remain disgusted with the political landscape that development must march through. And I'm horrified at the capitalization of this company. I remember the days of only a couple hundred million SO. Now what, knocking on the door of a billion SO???

Lots can happen in 10 years. But the ultimate question for the investor is: what can happen in the next 10 years?

Deadeye

yang2 Share Sunday, July 08, 2012 2:55:31 AM
Re: deadeyeca post# 99757 Post # of 99913

I attended the San Diego meeting, here is what I
observed,sensed and thought :

1.There were 16 attendants.

2.JB is trying to raise $2 million to $25 million for phase 1 scout drilling(6 targets,4
hole each). There is a Chinese mining company
seriously interested in BCSP. They want LBSR to
show some drill cores containing satisfactory
mineralization before they come up with $200 million to proseed with phase 2 definition drilling.

3. I sensed the urgency why JB made the U turn
from steaming hot HM back to back burner BC....
because the Chinese is waiting for results from
BC cores before signing the contract. This might
answer Gempicker's question.

4.Deadeye forgot to mention, there is a 10%
discount to PP from LBSR.

Good luck Longs,

Yang2

bigeager2 Share Sunday, July 08, 2012 2:35:19 PM
Re: None Post # of 99913

Everything takes longer than it takes in mining.
Tombstone:
Assuming June 1st start.
30 to 60 days for the arrowhead hunt then 30 to 60 days for permitting.
Add 30 days for drilling and 30 days for analysis puts us around Christmas?
That is my best guess. Please tell me that’s too long.
Have we applied for permits in Alaska yet? Implied or stated?
4 people attended in Portland. Briscoe stated that after significant proof by drilling, he has even had a comment by a shipping company that they would be willing to go for $200M just to keep their boats full. He is very receptive to winter drilling in AK, especially after talking to the natives. They say that is the best time to do it. He is very personable and works with the native Alaskan people humbly and effectively. There is a private “man camp” under construction in Big Chunk in the center of the caldera for Briscoe’s drill team to simplify logistics. The builder’s brother -in -law flew from Montana to attend. His wife is a native Alaskan of some note, and he shared insight of the native perspective that Briscoe appreciated.
He also said Toyo tires are the best for Arizona desert longevity.

Banks, read up, and quit asking stupid questions.