Liberty Star Uranium and Metals Corp (LBSR)

[StrengthenNumbers]

2MM...





...If I may inquire, I seem to recall you or one of our other 'emeritus' longs posting some info about the heady ride for juniors after the January 1980 gold spike, i.e. some of the tiny players that got funding based on $800/oz gold and then saw massive appreciation well past the all-time high gold prices of 79-80 when they finally drilled their claims with partnered money through the 80's. Do you have any links to that sort of info? Seems it might be timely to review it again.

PS- I have been patient but somewhat dismayed over the past year with the pace of things. I'm a big fan of cold hard science and we have that in abundance, but it seemed at times that the delay at Pebble and the ugly climate for junior explorers in general was suggesting that we could go the way of 1000 others non-trading in he trips. I've been soberly considering selling a large portion (for me) into any double digit run to recover some cash I have tied up here. Tough pondering after all the DD and scraping together of my modest position. Protection of capital vs. knowing what kind of leverage is here if the ducks march straight, etc...

Thankfully recent news has a lot written between the lines. Given the confidence in not needing S1 for drilling, we better see some diamond cores spinning ASAP or the news will ring a little hollow. That said, I see a lot of recent articles indicating that if the economy roars copper is a year behind supply, if the economy stumbles, gold has already bottomed.

And I echo the sentiment expressed here earlier that the gold angle at HM has been underplayed, maybe because the sector lost some luster with declining gold prices. HM sitting in the heart of Tombstone/Bisbee geology with geophysical and ZTEM matching Mission-Pima and their 77M tons of ore to date probably means a real strike. But, Mission-Pima is described as producing very little gold, so let's hope we don't match them quite that well.

Best to all! I want this to be the year that longs are rewarded. It can still happen in a big way, but it will require big progress. History says the smartest geologists that hang in there become wealthy following the same cycle we are in right now. It's tough to keep the faith this late in the game, so any historical data showing how the smart juniors turned out after 1980 would be great to see.

Gratzi All!

SN