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Sunday, March 30, 2014 1:51:15 PM
...JB drilled a quick core at Big Chunk and basically fired a shot across the bow/border, telling NAK that he wasn't willing to go broke waiting for a resolution of the EPA's 'territorial dissing' match with Pebble. It was a bold move and I would guess it was JB tipping the hat and implying that he had other options that would be better served by giving NAK a chunk for their trouble so we could tie a bow on the Arizona claims.
Consider that JB methodically moved forward on Hay Mountain until all the data said to ZTEM and drill, and he made the move that forced NAK's hand well before Rio Tinto announced that they were pulling their stake in Pebble. Imagine if LBSR were sitting with one lone basket of eggs on the lonely slopes of Iliamna watching Rio Tinto wave goodbye. Instead we are shopping a new flagship project around to large multinationals and major miners. It could have worked out much worse in my opinion, and it suggests that JB and BOD were ahead of the curve with regard to reading the wind in Alaska.
The litigation was a bump in the road, but given that it temporarily blocked the transfer of claims and hence the debt forgiveness being official, I'm glad it's settled. If we get news of a drill program as the season approaches, I wouldn't want any extra ammo for those who would cry "Thin to guilty plea".
Now for the luv-o-gawd, JB, Pete, Gilby, Tracy, SOMEBODY justify my words and get us a deal! We believe in you, so howzabout giving us a truly great reason to be LBSR shareholders in 2014? Hello? Hel-LO?!?
(Chant it with me: Ooooooeeeeeegggownnnnmmmbeeeeeeerrrrich-h-h-h-h-h...)
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