This IS the paragraph that sums up the money proceeds !!
The Company will use the funds for general working capital purposes and to advance copper/gold/silver exploration efforts in southwestern Alaska, southeastern Arizona and elsewhere. As previously reported (NR 95), the Company continues to work with Northern Dynasty Minerals (NYSE AMEX:NAK TSX: NDM) regarding the joint venture exploration effort porphyry copper/gold on its Big Chunk Super Project and Bonanza Hills Project lands.
So, there is NO mention of the Uranium claims on the North Pipes Super Project - I feel very comfortable that is in the works for a JV with much more money to be expended by the JV partner. It will take a LOT more money than the 3.4 mil to develop those Breccia pipes IMO.
All things are looking much brighter though, glad I am a LONG TIME / LONG TERM LBSR INVESTOR !!! and I hope you are too.
S4