Replies to post #85737 on Liberty Star Uranium and Metals Corp (LBSR)

[gempicker]

Really? NAK signed a 10 million JV at BCSP. SAGE LOI the NPSP for some value in equity of a NEWCO. Mill rock proposed a JV at BH worth xxx. Gold was much cheaper back then as well. Oh and lest not forget the HM property which is seemingly being fast tracked for some reason and previously had a JV with PHelps Dodge years ago indicating a likely significant gold reserve.

So with the only debt to NAK, a market cap of around 16 million and properties that always have and continue to hold much JV interest and many many indicators from in-house exploration and third party confirmations that are highly suggestive of the "trillions" in minerals in the ground, you have the audacity to post overvalued... LOLOLOL...

[MarketGeometry]

correction. Book value is negative 3.8 million from latest 10Q. Talk about progress and going into a hole.

PPL are screaming Trillions. Way overvalued. Lets get a postive book value first then we can speculate about trillions in the ground. Stage 1 needs 50 million


Total stockholders’ equity (deficit) (3,818,906 ) ( 2,049,659 )


?
Phase 1: $50M
•
Scout drilling of target claims and prepare economic feasibility reports
?
4 to 12 target sites at Big Chunk, Alaska.
?
3 target sites at the Tombstone Caldera, Arizona.
?
Phase 2: $200M per site
•
Drill prime target and conduct engineering, environmental and socio-economic studies

If you take 250 million debt not much left for the commons. I am not seeing the rosy picture
people are potraying here.

[Milo2]

...too logical for me, MG!

I forgot to think common-sensically, like if only 1/12 of our ZTEM porphyries in BCSP, are of "Pebble" size and value, and our mkt cap suddenly rises to $1B...