Liberty Star Uranium and Metals Corp (LBSR)

[StrengthenNumbers]

The EPA report was premature...





...and everyone knows it. It is inadequate, poorly researched, and likely a publicity move more than anything, shooting blanks across the bow of PLP and throwing a bone to the greenies in an election year. It's a bone without much meat, and likely a symbolic gesture only.

That report won't get Pebble stopped in the long run, but it may affect the nature of the eventual proposal and what claims are deemed most suitable for development. The EPA lost a lot of credibility by releasing it the way they did. At least they recognized the environmental advantages to Big Chunk, but they overstepped and many have called them out on it. Now it's time for a sensible counter-move by PLP.

Of course we all hope that the leverage will be applied in a way that creates a bidding war for the LBSR claims. Again, I'm not beyond thinking that the end game can be sweetened for LBSR by the reaction to that EPA report. What looks like bad news for PLP could easily be great news for LBSR. Read between the lines and the EPA may just be telling PLP to find a better way to execute, one that is more symbiotic with the locale.

Again, I think the administration will see no political clout to be gained in this fight. Once the Native American Corporation is on board, there will be no face-saving way to fight the mine.