Replies to post #51598 on Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

daleb2130, very very good post. Now that pretty much sums that question up in a Pipe shell.

Those links are superb for EVERYONE to review.

Thanks for sharing,

S4

[king yukon]

dale, GOLLY! Lookin thru your post, I DDed further inre,WOW,do the math and it rises LIKE an helieum filled ballon! USGS factors in that the AZ BRECCAs will yield 112.4 tons per square mile,WOW,yet! OK! Just do the math on one sq mile,tons per mile X2 =224.8=449600 POUNDS per sq mile,@ the 2008 PRICE PER POUND = $74,184,000.oo value per mile! How many miles are leased by LBSR? GOIN BY 2008 MKT PP#.

[Milo2]

Dale, what a wonder post...THANK YOU!!

Several points:

* Page 26 was especially awesome --there may in fact be a very clear VTEM-uranium-signature to follow when surveying, and better define drilling priorities.

* Let's appreciate the possibility (liklihood?) of "blind pipes"; I don't know if JB included this possibility in his 2007 estimate of 60 viable pipes!? VTEM, rather than drilling, perhaps should be considered!?

“We have the majority share of the high-est grade uranium district in the entire United States, based on past production. Using what we believe to be a conservative success ratio of 18%, which is also based on the history of past production, of the 350 breccia pipe targets or pipes, as we refer to them, we should end up with more than 60 viable mines...Over half the 700 identified breccia pipe targets in the Arizona Strip are covered by Liberty Star’s nearly 2,000, royalty-free claims over approximately 60 square miles."

"We have just been consolidating the targets, but we are now at the next stage and that is drilling for ore. As a result of these changes, we have changed the name of the company to Liberty Star Uranium & Metals Corp."

[JB 2007 interview]

* Grand Canyon gives us a great glimpse of the undersurface of this region!

* The drilling with X-State clearly didn't do deeply enough (@ Neola, "Drilling continued on to a length of 930 feet"), as it seems the average depth of the "hot zone" for U is @ ~ 1500ft.

BTW: even though I'm a shrink, my dad was a very prominent soils engineer and loved geology...collected ALL KINDS OF ROCKS...seems I'm catching the same rock fever. He died in 1971...I'm sure though he'd be blown away by VTEM/ZTEM technology of today!!