Replies to post #38563 on Liberty Star Uranium and Metals Corp (LBSR)

[learningthetruth]

Uranium up to $61 even

http://www.ifandp.com/article/008413.html

Uranium price edges upward by US$0.50
under News . Trading December 1st, 2010 by IFandP Newsroom
The spot price of uranium made a modest advance of US$0.50 to US$61.00/lb in the week ended November 29 after its November rally, which saw the price of uranium oxide rocket by US$9.00 or 17% from its October close of US$52.00, according to the Ux Consulting Company. China’s announcement regarding further long-term commitments and its increase in offer price held the price firm despite a slowing in the market.

Conversion rates, on the other hand, showed little movement with European conversion prices unchanged at US$13.00/kgU and their North American counterpart slipping slightly by US$0.50 to US$12.50/kgU. Uranium hexafluoride values gained US$23.01 to reach US$171.88/kgU in North America while in Europe UF6 values rose by US$23.51/kgU to US$172.38.

Another good read-

http://www.vancouversun.com/business/Commodity+prices+show+nuclear+renaissance+underway/3907833/story.html

[Dreamchaser]

Good Timing of LBSR to Break

Swissree, as you have probably read on this board, a few of us are heavily opined to the fact that LBSR has risen from sleep during an economical "perfect storm" of events in the world. One, the occurance of the world's debt bubble will for sure raise commodities even more as debt problems worsen, two; LBSR has within it the kick of the mule after many years of suspicion that the Big Chunk caldera would give up a large portion of the worlds copper and gold for the next 40 years. This discovery event by LBSR in Alaska and Arizona is nothing short of a dream come true for global markets outside of the USA who question how the world will grow without more copper, three; as old mining projects now incur heavy production costs today, the junior mining industry is being looked at for the worlds future. Asset managers, hedge fund managers and the like are today considering funding junior mining projects with promise where it was not considered for the last few years. Fourthly, while LBSR is at the funding stage today and waiting for a junior mining contract, we can expect drilling results to match the Pebble Project 6 times over as proven by the ZTEM survey and other anomolies.

More, this perfect storm of events may also include the cry for more uranium in the world for future energy needs, as you mentioned. While the world was once convinced that atomic energy remained the most dangerous avenue to take for energy needs; the world now sees atomic energy as a savior. To say the least, this new attitude over nuclear energy is startling as uranium mining projects have sat idle, leaving projects too far behind for the moment.

Another global event may include fear of war between the Koreas, which will certainly drive up the price of gold.

All said, I fully concur that LBSR has the potential of making the future of the world as volcanoes are now being considered for harvest. Thanks to Mr. Briscoe for his studies on calderas, or the Big chunk caldera may not have been discovered. And with the new tools used today to prove Mr. Briscoe true, I suppose we can add technology to the list of events as well. All of these things make LBSR a solid buy and hold stock, in my opinion.

All in my humble opinion