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Milo2

08/03/11 10:25 AM

#67987 RE: Tool_power #67983

Well-reasoned, but don't you think world copper/gold/moly/silver/rhenium demand completely eclipses even what lies beneath the ground in the BCSP caldera?
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CEMJQ Multi-Millionaire

08/03/11 10:33 AM

#67989 RE: Tool_power #67983

I truly hope Briscoe doesn't trust Thiessen to do the right thing for LBSR, which I think the hiring of MLV is evidence of that.



It took Briscoe some time, but he finally figured that out.
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xZx

08/03/11 10:33 AM

#67992 RE: Tool_power #67983

i think we win either way. pebble succeeds and there's a precedent set right next door that the plan is workable. pebble fails, and like you said, we become the greener alternative. this is to say nothing of BH, which would stand on its own geographically and in terms of mine planning.

let's keep in mind, just because NAK (probably) wants to be the only game in town doesn't mean anything. compared to all the mining giants in the world, they are a fart in a hurricane. all it takes is some good cores back from the lab, and the world will come running.

and when you look at china's demand for resources, and how it has growth forecast to gobble up just about all copper currently available above ground, it's really a matter of national security that pebble and its surrounding areas, get developed, and quickly. jmho.
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LongHawl

08/03/11 10:39 AM

#67996 RE: Tool_power #67983

Thats a good post Tool about NAK , and good points

The only thing is the Greens are driven by Lodgeowner money,
and if Pebble fails they will smell blood and keep up the
same crap. The greens may have reached a point of fundraising
off salmon fear by itself,

BUT

The real driver is not really Salmon anyway,
the Lodgeowners do not want the access road built
into their private playground
The lodgeowners even started their own green sounding
advocate groups to control and spew

Just like the Kennedy's did not want the wind farm off Hyannis
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Hurricane_Rick

08/03/11 10:48 AM

#67999 RE: Tool_power #67983

1) If Pebble is around for 45 - 78 years, why would anyone need to open up our BCSP claims during that time? The demand for our copper/gold reserves would be quelled by Pebble's production.


This is the only point in your post that I disagree with. Majors need reserves for their balance sheets. The demand to acquire reserves, especially large reserves contiguous to proven deposits will come at a premium going forward. The infrastructure that will be built as a result of Pebble only makes the surrounding properties of the district that much more economical to mine...and that much more valuable.
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carolinacoast

08/03/11 11:51 AM

#68006 RE: Tool_power #67983

None of us know this process, or how or why it takes so long. Especially for LBSR. All I can say is your points are many others' concerns. And while a deal is in the works, it would be good if someone knew the standard timeframe of such deals. MLV is shopping Big Chunk and Tombstone. SRK is doing Tombstone. We can wait- this isn't my only stock.

But, for so much touting, I'd like to see some drilling. Most companies are out there reporting what they are drilling. LBSR is either very professional, or just lazy with their PRs. It would be good if we knew that MLV and SRK are actively or passively engaged...but that isn't the company's problem...that's the shareholders' problem.

Bottomline, LBSR has a lot in the ground...and when picking pennies, that and good management are two factors that should never be ignored. Just hope management is looked upon as competent. Last guy put me on ignore. I understand why with my frank comments. But ask yourself, "Are you satisfied here, or as anxious as I am?" Let's not sugar coat this...we want to see LBSR meet near term milestones...and even those seem vague.

That's the company's part.....loyalty is my part. I have no trouble holding my paltry 125000. But to bring the point home. Macros are there, ZTEM showed us promise, oyther properties look d@mn good...what is the hold up here? Other companies are moving forward with pace.