Replies to post #51303 on Liberty Star Uranium and Metals Corp (LBSR)

[go4pm]

Not if we do have 6/7 pebbles, that is a game changer imo. oh and the AZ strip mind you. What gets me is everyone is thinking NAK share price and trying to compare it with LBSR. NAK is a one trick pony. we have way more going for us than 1 pebble. however what will take time, is the time to prove up ALL OF OUR CLAIMS.

With ZTEM, it won't take as long as it did b4 this great tech. and that is what we have going for us at the moment.

cheers.

[amigo777]

I strongly disagree! The market always GOES SLOW on the first baby (NAK)! Once they know the GENE (PEBBLE MC), then they will be quick on the second baby! BECAUSE they know NOT TO MISS the second one!

LBSR's rise will be 10 times faster than NAK if the reserves are proven! Simple human logic and market psychology!

[Dreamchaser]

You must remember that the JV purpose is for drilling and nothing else, as far as we know. Mr. Briscoe called for drilling money through a partnership within NR-93

The Company continues aggressively to seek joint venture partner(s) to drill these geophysically defined porphyry anomalies

http://www.libertystaruranium.com/www/investors/news-releases/nr-93-liberty-star-receives-ztem-report-2013-shows-201cat-least-6-to-7-porphyry-copper-signatures201d-in-big-chunk-south-block-ak

And as money has already been commited for drilling in NR-95, we can presume that money is being set aside for drilling and may begin speedily.

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

http://www.libertystaruranium.com/www/investors/news-releases/nr-95-liberty-star-pays-out-creditors-contracts-with-northern-dynasty-minerals-ltd

True, we have not heard any finalized report, however, I think it is safe to say that drilling money has been allocated for the same reason that the 23.4 square miles sold has already been recorded.

In order to pay out its former lenders, the Company has sold 60.7 square kilometers (23.4 square miles out of the Company’s original 177 square miles, or 13% of its Big Chunk and Bonanza Hills acreage) in consideration for both $1,000,000 cash payment and a convertible loan from Northern Dynasty Minerals Ltd

http://www.libertystaruranium.com/www/investors/news-releases/nr-95-liberty-star-pays-out-creditors-contracts-with-northern-dynasty-minerals-ltd

Now, 10 million dollars is plenty of money. In fact, less than 10 million dollars was spent in 2003 in NAK's intitial drill project at Pebble:

The main exploration expenditure was for drilling (2003 - $2,700,068; 2002 - $1,142,867). During the 2003 fiscal year, 21,713 metres (71,238 feet) of drilling were completed

Read More

http://sec.edgar-online.com/northern-dynasty-minerals-ltd/20-f-annual-and-transition-report-foreign-private-issuer/2004/06/24/Section7.aspx

Wild cat holes for an intitial drill program and strategy by NAK at Pebble in 2003 can certainly explain something about the strategy with the Big Chunk Super Project as well:

Dickinson, an economic geologist with more than 40 years of mining experience, kept looking. The first thing we did was drill wildcat holes along the belt. The results from that program said there would be more to come, he explains. The first breakthrough came in late 2003-2004 when extensive drilling revealed significantly higher levels of potential resources

Read More

http://www.equitiesmagazine.com/companies_ndm.php


Mind you, this drilling project came before ZTEM surveys were invented. However, the drilling of 2003 was enough to find 1.5 billion dollars through Anglo-American. And the cost for that drilling plan was very inexpensive.


All in my humble opinion

[oiljunior3]

Look at NAK pps in 2009. They went from .25 to 9 bucks in 8 months.