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benny7439

12/14/10 1:11 AM

#40884 RE: xZx #40883

Absolutely, your take is also correct, but a little more speculative. I am trying to give the MOST conservative estimate, so that new folks will not say anything about us being overly optimistic or blindly pumping. I want to put down the most realistic conservative scenario and then go from there. What I put down is entirely conservative and very real. $2.18 is indeed a base number in my mind, for very concrete rational reasons that I have laid out, and not based on anything other than FACT. And btw, even if we were to absolutely max out our 1.2 bil a/s (no evidence that is happening whatsoever, but just hypothetically speaking) than that would place my conservative $2.18 target at $1.03, still a gain of over 1300% from current levels! There is nothing else to say than .071 is certifiably an insane undervaluation of lbsr, period.