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newuser

07/05/12 9:11 PM

#99501 RE: crujones #99488

Brilliantly said crujones and per the Scottsdale

presentation, the cat needs cash. AZ ZTEM's ready and AK drilling's ready, etc...

They need a serious CEO & CFO, and leave JB to salivate and strategize over the maps/drill locations.

We need a big time strategic thinker/planner/negotiator, as we're sitting on an absolute mountain of copper/pm's, and JB's being played for a rookie on multiple fronts.

Help!

bishai

07/05/12 9:58 PM

#99504 RE: crujones #99488

A smart business man would have found a way to bring this to market long ago.


Hi crujones... LBSR has certainly tried the patience of everyone, so I feel your pain, but let me suggest something to you: I agree than a "smart business man" would have monetized the BCSP & Tombstone claims a while ago, but is that good? I submit that would have been miserable. Why? Because while they may have been able to monetize the claims, they would have done so at pennies on the dollar. It takes a world class geologist to PROVE the gold/silver/copper/moly is there in vast quantities. Then and only then will the PPS jump and JV partners come a-knocking on our door asking us to dance. JB isn't trying to sell a promise of PMs in the ground, he is out to prove it's there so that LBSR will be in a position of strength to negotiate with interested parties. We'll be able to say to potential JV partners "Wanna play? You gotta pay."