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blue finch

04/16/15 4:16 PM

#151626 RE: Deborah1 #151625

One of several possibilities
Without even a hint of a hay mountain deal
Shareholders have to believe it was a bust

mstoneinv

04/16/15 7:55 PM

#151632 RE: Deborah1 #151625

I think it is a very good bet that a Republican president could get elected with Republican majorities in both houses of Congress. Then the current anti-mining regimes in the various alphabet agencies would get tossed out. But that is almost 2 years away.

Then, real world, another 6 months for the new guys to get into office set policy, create new legislation, get it voted on. Even if that all happens, you would still have all the rabid anti-mining groups that would contest and tie up in court any of the favorable changes. But let's say all of that is cleared away. Then you have an avalanche of new mining permit requests from all of the companies who had claims in the withdrawal area and had been locked out. Approvals could take 6-18 months with that huge backlog. Then lets suppose LBSR finally gets approved to drill. Add a few months for that.

Get the point? In the real world, even under your scenario, it is not likely anything could happen on the Northern Pipe claims for a minimum of 3 years. By then, the company will have folded or run the share count up into the billions. Your current shares would be worth pennies on the dollar.