Replies to post #133496 on Liberty Star Uranium and Metals Corp (LBSR)

[newuser]

The AZ ZTEM is for an area that is 50% larger

than the land area covered in the original SRK report. An updated report is necessary from an independent and industry standard firm.

This won't and probably can't be done quickly.

[LR68]

Another delay or another step in the plan?

But yes, that was my thinking - maybe it's a requirement to have the update on a NI43-101 compliant report done by an independent geologist.

[HKipp1]

This is not a delay, but rather a very positive development. For those of us who remember, Carolla Hoag authored the 4 part SRK report which collated all the prior data on HM and the other AZ claims and laid out recommendations for the current campaign. Why does it need to be updated? Because there is new and important data- i.e.- the ZTEM survey results. It is needed now because serious investors insist on the data presented in the standard N143-101 format. This is what investors want to look at and require. As for CEMJQ's typically uninformed implication that there is something wrong with it being described as N143-101 style- that is because this number refers to a Canadian legally required report. It is only an actual N143-101 report if it is part of a form- N143-0101 being submitted according to Canadian law. That is not relevant here since we are talking AZ and not with Canadian firms. But the format of that form is what is universally accepted and expected by serious large investing entities. So the fact that there is new and positive data necessitating a revised report and the fact that it is being prepared for presentation to investors is a very good thing.