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Re: PoorRich post# 123230

Friday, 04/26/2013 11:25:19 AM

Friday, April 26, 2013 11:25:19 AM

Post# of 173238

Don't forget that AK money had to be paid to hold the claims. Drilling removed a majority of the AK claim money owed for this year and next

Precisely. I don't understand the criticism that money was wasted on the one hole drilled in Alaska. As per Alaska law, the money had to be spent, one way or the other to maintain the claim. To just pay the state of Alaska without drilling a hole, well, that would have been a waste of money. We now have 100% ownership with promising porphyry signatures that drain away from the watershed. All that being said, LBSR is a highly speculative investment, but if anyone out there knows of an opportunity with better risk/reward, I'd sure like to hear about it.
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