Banks - If you carefully analyze the exploration phase Junior Mining stocks today with decent potential, the only company with extremely solid potential is LBSR - Fully reporting, transparent and Mining giants like HDI are tied to the hip. Please note that HDI doesn't like to waste time on something that doesn't have SOLID potential.
A lot of investors who I know averaged down from the highs and holding for long term. Patience is the key with LBSR. 2011 should be a fantastic year for LBSR and a lot of forward looking catalysts to look for:
1. Bonanza Hills ZTEM report.
2. Definitive JV agreement with NAK/HDI.
3. Umbrella management with HD.
3. Drill plan to prove at least one pebble.
4. International (China, Middle East or India) deals for AZ Uranium.
5. Drill results for the 5 drill holes by NAK on the "Liberty Purchased Claims".
US Economy - There is a risk of high inflation in the coming years and this could significantly increase the price of precious metals. Copper and Silver will have "unimaginable % gains" compared to Gold. Any junior mining company having significant amounts of Copper and Silver will be considered extremely hot in the investment market. Proving out the reserves is the only thing LBSR needs right now. With the help of ZTEM the targets are precisely defined and a few holes should confirm the reserve size identified by ZTEM. Imagine what would happen if we prove out just one pebble out of 6/7. Now, that would be a life changing event for many LBSR longs..so have faith and patience.
Happy Holidays!