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Milo2

08/03/11 10:36 AM

#67993 RE: CEMJQ Multi-Millionaire #67989

MLV was a stroke of genius and a game changer for LBSR. It will be interesting to know who was the brains behind that move (JB, Vollmer, someone else?).
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Tool_power

08/03/11 10:39 AM

#67995 RE: CEMJQ Multi-Millionaire #67989

Yup, and even though MLV seems to be focused on the Arizona properties right now, that doesn't mean that they won't be used in the future to work out deals for the Alaska claims so LBSR can circumvent NAK/HDI.

Getting the Uranium Breccia Pipes and Tombstone Copper mines into production is the absolute priority right now, as it should be. Those Arizona claims will bring in money and shore up the Balance sheet, thus insuring that Briscoe doesn't have to do anymore financing that affects our share structure. And just as important, it will give LBSR the funds to test drill our Alaska claims ourselves, without relying on Thiessen's help.

I truly hope we get some good news about getting either or both of the Arizona properties into production this year. Bringing in revenue from a mine, any mine, will do so much for this company.