Agreed, I love the approach Mr, Briscoe is taking here, MUCH MUCH DIFFERANT than NAK/ ANGLO !!!
When all is said and done, I beleive Mr, Briscoe / LBSR will have great leverage in regards to the Caldera.
I also think the market is very confused as I, when thinking how we will pay for this drilling program, We are using the best technology MONEY CAN BUY! we are using helicopters to transport crews / dilling equipment/ supplies which is NOT CHEAP.
Where is this money coming from? We have not seen enough PP to do all of this work and that would leave F.H. monies, Yes?
Now we all know JB said he would only use this money in (Only if no other money became available) But if we were using this money should we have not seen the S-1 Filing or something like that?
Which leads me to beleive there is another source of funding here that is driving this drilling program!
Is MBGS llC working for shares? OR, as the (GENERAL CONTRACTOR) he is paying for labor and equipment up front and will be billing LBSR at a later date of percentage of completed said work according to the contract?
The only way I see this is MBGS is helping LBSR with this drill program and is funding the start up out of MBGS funds.
Does this sound about right? just trying to figure out how we funding the program and I am sure the Market is thinking the same.
any thoughts?
TIA
love the news!! GOOOOOOOOOOOOOOO LBSR
great work Mr, BRISCOE!! Don't know how we are pulling this off yet but all I can say is ITS HAPPENING!!
