Replies to post #126179 on Liberty Star Uranium and Metals Corp (LBSR)

[leifsmith]

While LBSR is not securing as much of the caldera as possible competitors will be doing so. I'm willing for things to take a bit more time in return for a much larger payoff. The "Oh Please!" is just your way of telling me I'm stupid. That doesn't interest me. Your opinion of the best business strategy does interest me.

Claim staking is pretty cheap if you are not shotgunning but nailing down a few key positions as indicated by the ZTEM readings. One claim in the right place can make an essential element of a larger package that someone else might be seeking, as if that claim is the keystone to another place in the caldera where heavy mineralization occurred. JB's claim, then, would be a "got-to-have" for anyone seeking to position themselves on the caldera.

Throwing away large futures for small near-term gains is not always the best strategy. Sometimes necessity forces it but I don't think we are in that position, and certainly will not be if ZTEM offers substantial support for JB's hypothesis.

[StrengthenNumbers]

With all due respect...





...Securing any adjacent claims that might be of equal or greater economic mineralization or logistical advantage is a very practical consideration. Just ask the folks at NAK, who discovered the world's largest copper/gold deposit only to have Briscoe reveal that it was a fraction of the larger whole when he secured the rest of the claims based on their data. Don't think for a moment that other players aren't considering pulling a similar coup in the HM district.

Any nearby deposits with lesser environmental concerns, cheaper extraction, or richer grades could put the kibosh on Hay Mountain, and doing the homework to ascertain such things before we drill is good stewardship, plain and simple.

I know it's fashionable to second guess JB around here, but there is every reason for him to review the surrounding area to make sure another explorer doesn't find a better bone buried right in our backyard.

Go LBSR.

[1950tiger]

agree!