LBSR with the help of NASEBA are in aggrement that the Saudi Investor group are in aggrement already,they are only at the aggrement stage of what could become a JV in a varigated form, yet it would be a full force JV. Just think of it like mines that issue 2% royalties or mines that offer the varied percentages of interest based on performance and or the amount of cold hard cash put up by the parties so vested. This looks like a back out clause past phase#1, and if the ore points to commercial verification then a JV is the next step in the aggrement and so on to production. Most of us arent used to such an arrangment so it is a mind twist for me as well. I got it and i like it and hope it becomes as strong of an JV that the Saudies could build because one question shouldnt arise and that is the need for them to get financing. Which of note has been the durge of most Jr Miners since 2008. Not having to chase financing will certainly give JB the time to be an instructor and likely Dr. John M. Guilbert likely would welcome the involvment.
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