China will NOT invest the 200 Million unless at least $25 Million worth of drilling is done with positive results imho. If that happened then LBSR wouldn't need the Chinese as there would be interested USA dollars. Question is where will Briscoe get the $25 million.
True china will not invest till 25mil. Also true if 25mil is spent we may have better domestic deals rather than chinese.
Here's the thing, the whole mentioning of china's 200 mil interest is to show shareholders that offers are creeping up. Yes there is bumps on the way but again it shows that last year or 5 years ago we did not have these kind of offers. So this is what i call a HINT HINT!
To answer your question about "Where will Briscoe get the 25mil?" Let's see.... he is already contracted with FH as a backup funding he has XXXX amount of funds from whirlwind tour rumored to be in the millions but again rumors. Then he is having a camp built in AK and he is buying NEW HIGH TECH EQUIP hmmm wonder how much money he has? With that said once the slightest sound of a drill turning will grab some deeper pockets then if the first drill hits a positive result then we can expect HUGE investing in the sum of 25Mil+++ Even though their may be more offers on US soil i think JB might still take the 200mil IMO because briscoe does not know for sure if we will hit anything but his skills and talent tell him there is a good chance maybe 80% but time will tell. So you see what i did, it is like back in the days ABCDEFGHIJKLMNOPQRSTUVWXYZ. Again we are at Q IMO. You jumped in at F and many long timers jumped in at A-B aka .0012.
Briscoe is running around the USA just to pay salaries imho
Really? wow i guess paying the salaries of those who are building the camp ok that makes sense. How about equipment? hmmm Choppers? Drill rig? Lifting a drill right with a chopper? dam those are salaries i guess. I like to call it progress.
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