Replies to post #78296 on Liberty Star Uranium and Metals Corp (LBSR)

[Liveingreenbay]

Can't find any claim maps on Tombstone/hay mountain. Are they near Morenci? If so...The Freeport last 10-Q pg.28 is quite encouraging.

We also have a number of opportunities to invest in additional production capacity at several of our North America copper mines. Positive exploration results in recent years indicate the potential for additional sulfide development in North America.


Morenci Mine Ramp-up and Mill Restart. During second-quarter 2011, we completed the ramp up of Morenci's mining rates to 635,000 metric tons of ore per day and milling rates to approximately 50,000 metric tons of ore per day, resulting in increased copper production of approximately 125 million pounds of copper per year.


We are advancing a feasibility study to expand mining and milling capacity at Morenci to process additional sulfide ore identified through positive exploratory drilling. This project, which would require significant investment, would increase milling rates from the current level of 50,000 metric tons of ore per day to approximately 115,000 metric tons of ore per day and target incremental annual copper production of approximately 225 million pounds within a three year timeframe. Completion of the feasibility study is expected in early 2012.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8223923

[king yukon]

gem,Pretty much lockstep aggrement with this annalogy,but will add it seems to make the NPSP a smart move even if only the capitalization is realized. 10 drill holes would blow the manhole cover off of the HAY MTs. & the WC/TOMBSTONEs. Then agin the SAGE move there may be far more rewarding than just the 5 MILL. JB & BOD need to nr or pr the MKT and give us the vision.

[Milo2]

I too would agree, Gem...nice summary of our current stance/direction. Thanks.