Replies to post #35208 on Liberty Star Uranium and Metals Corp (LBSR)

[gempicker]

Hasn't stopped NAK from garnering a 800 million + market cap, nor attracting a 1.5 billion dollar investment from an industry giant to develop the property.

[s2k]

Take a look at a monthly NAK chart. They have yet to obtain permits for pebble, yet look at the progression of their share price. What we are more concerned about is drilling and proving out the resources in our claims, which is what will drive the price up. Unless you are holding for the super super long term, permits are really no issue. It is more likely for LBSR to get bought out after proving the reserves anyways than to ever have a fully functioning mine ran by them.

[StealthSwimmer]

The permitting is going to take a long time. This is the reason why NAK at 9.00 per share is the lowest market cap per proven/probable mineral asset value out there. If we see anything remotely close to NAK's cap/mineral value we'll all be rich. NAK didn't need permitting to be where they are and neither will we. Permitting will eventually take us much higher but we should see dollar land well before we smell production.

[chunky]

PLP said 5 weeks ago that permit applications will not be complete 'til late '11....
the scope of the project has increased in size, mandating time requirements for engineering to prove responsible stewardship of the region's health...no small task...