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rl71852

06/07/12 11:34 AM

#96693 RE: Iceman #96692

ICE I try to have an open mind on this just with goverment involed on everything now in mining things are going to move slow with law suits and uncertainty. Oh nice win in Wi. might help this out.
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gempicker

06/07/12 11:44 AM

#96695 RE: Iceman #96692

I agree. The words expressed in the S-1 make it clear (IMO) that LBSR intends to do something "jointly" with others in AK as the amounts they intend to spend won't cover much drilling at all only logistics related to drilling. The only way you spend that money is if a JV/Newco/Funding agreement for drilling is in the pipeline. Otherwise considering the risk with the EPA, it makes no sense to push AK unless a partner on board is involved.

AZ has development potential that is very significant and the methodical approach there is exactly what is needed.
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gempicker

06/07/12 11:44 AM

#96696 RE: Iceman #96692

I agree. The words expressed in the S-1 make it clear (IMO) that LBSR intends to do something "jointly" with others in AK as the amounts they intend to spend won't cover much drilling at all only logistics related to drilling. The only way you spend that money is if a JV/Newco/Funding agreement for drilling is in the pipeline. Otherwise considering the risk with the EPA, it makes no sense to push AK unless a partner on board is involved.

AZ has development potential that is very significant and the methodical approach there is exactly what is needed.