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leifsmith

10/23/14 10:18 AM

#145307 RE: 2muchmoney #145305

I like your speculation about this. The discovery of potential ore close to the surface is a potential small black swan event, unexpected. If it turns out to be true is improves the economics of long-term mine development.

MineAllMine

10/23/14 11:35 AM

#145311 RE: 2muchmoney #145305

If I thought I could find enough investors here to pool our shares as collateral and get a loan for $6.5 million to get this started, I would do it in a heart beat. I would gladly put up 3 or 4 million of my shares in a collective collateral account. (It doesn't help to have everyone sell shares to get the money because we'd have millions of shares for sale.) I know this is pie-in-the-sky. A bank looking at this would have no way of knowing that the shares would not go down in price shrinking the collateral. But I can dream anyway. Plus, I could pick up chicks in bars by saying I own a gold mine. (more pie in the sky)

Milo2

10/24/14 10:35 PM

#145347 RE: 2muchmoney #145305

The other day i posted LBSR is in the Cat-bird seat, note: LBSR will manage the JV, so we know they are the 51% group right!



Excellent observation, and should give us pause to consider that we will continue to leverage our properties with equal conviction!

GO SUPER LBSR!!