Thank You deadeyeca! Its obvious JB&BOD want a drill plan for the entire LBSR inventory. It is the success of the drilling results that brings SUPER HIGH PPs, usually phase 1 will bring in the small jumps in PPs. Drilling out all the inventory save the BPSP is a company maker. This leads me to believe JB is/would LOVE to be a PRODUCER. The PLUS as a producer is that he has that $70,000,000.00 to write off against profits ONCE they are producing. JB is in possession of these go forward advancable writeoffs here. So you know it is a big part of the plan. Sombody should do some more DDing on the backlog of cash expences carry forward. The writoffs are big enough that I think would carry fwd a tax free operation of about 5 years. From my DDs, i get a 100% writeoff cary fwd 5 years term meaning once JB&BOD kick in the first writeoff they have to follow year over year the old writeoff until it is exhausted. Not sure but i think JB&BOD can elect a 5 year or 7 year term for the carry FWD. Sombody here claimed to be a CPA perhaps they could chime in on that. My dear friend is a CPA and is very bizzy and i dont want to consume his time.
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