Well- that's exactly the point, isn't it. Most here have confidence that it won't be a "penny play" much longer. If you don't believe this will happen, then by all means sell. As you say, you will still make a nice profit- and congratulations for that.
SP, I highly regard your opinion along with all other opinions. Thats is the nice thing about this board. Myself, I am predicting dollars because of the outcome from anomalies and the ZTEM. At the beginning, Mr. Briscoe had only a hunch there was gold, copper and silver at Big Chunk. Then at each level of testing, his hunch became a more positive signal. Then came the ZTEM survey results. Those tests showed that Mr. Briscoe's suspicions are spot on. As such, we have a Joint venture that should be coming soon. Long term, I really feel that LBSR will be seeing dollars at some given time. In fact, I see .50 as a testing ground before our spike to dollars. Read over this information and tell me you don't feel inspired to hold LBSR for the long term.
Comments James A. Briscoe (P. Geo), the Company’s CEO, “Over the last six years we have carefully gathered across the entire Big Chunk caldera some 11 thousand geochem samples and assayed them for 64 elements each, completed low level high resolution aeromagnetics and compiled base geology. Additionally, we have completed over 100 miles of ground based IP geophysics. All of this data is in digital format and can be compared and interpreted together at the same scale. The new ZTEM data for the BCSP-South Block will be another step in our meticulous exploration process. Along with all the preceding studies, it will be used to refine and pinpoint what these mutually reinforcing data appear to show – anomalies that are characteristic of large porphyry copper mineral bodies, which may contain significant mineralization. Accurately placed drill holes to test these mutually reinforcing data will be the final step in testing for the presence of significant mineralization.”
Comments James A. Briscoe (P. Geo), the Company’s CEO, “This is the culmination of our seven year long painstaking exploration process starting in 2003 with recognition of potential for numbers of porphyry copper occurrences along the moat zone of the Big Chunk caldera, hidden under post mineral material including cover left by glacial action. All of our collected millions of pieces of exploration data fit together like a complicated but now essentially completed puzzle. Our geochemistry tells us we are in the proper metal zone(s) and the ZTEM tells us porphyry systems are present and gives us specific targets to drill.”
TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (the “Company,”) (OTCBB:LBSR - News) is pleased to announce that CEO James A. Briscoe (P. Geo) has identified 12 targets for further exploration at the Company’s Big Chunk Super Project (BCSP) in southwestern Alaska. Mr. Briscoe’s identification of the 12 targets was made possible by his extensive work in the porphyry copper-gold–silver-moly bearing caldera at Silver Bell, Arizona, and Mr. Briscoe’s recent reinterpretation of data over the BCSP lands collected in 2004-2005.
The Company’s BCSP comprises 707 State of Alaska mining claims covering about 177 square miles in the Lake Iliamna region of southwestern Alaska. The claims were initially staked in 2003, after Mr. Briscoe determined that the caldera containing Northern Dynasty Minerals’ Pebble discovery was strikingly similar to the caldera hosting the Silver Bell mining district in Arizona, where he had worked as a geologist in the 1960s and again in the 1990s.
In 2004 and 2005, the Company undertook exploration programs at the BCSP, including, among others, biogeochemical studies previously proven to be useful at Silver Bell, Ariz., in the mid-1990s. The results of the 2004-2005 exploration work, combined with his understanding of porphyry-bearing calderas and their related geochemical patterns, bolstered Briscoe’s belief that there may be more porphyry centers and associated Carlin Style and Round Mountain Style stand-alone gold deposits to be discovered within the Big Chunk caldera.http://www.libertystaruranium.com/www/investors/news-releases/nr-90-liberty-star-identifies-12-potential-porphyry-targets-for-further-exploration-at-the-big-chunk-super-project-for-gold-copper-moly
subject to negotiating and signing a definitive earn-in option and joint venture agreement, Northern Dynasty can earn a 60% interest in the Company’s Big Chunk and Bonanza Hills projects in Alaska by spending $10,000,000 on those properties over six years. The borrowings from Northern Dynasty may be applied as part of Northern Dynasty’s earn-in requirements.
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