Replies to post #135428 on Liberty Star Uranium and Metals Corp (LBSR)

[wwalker3]

Hey Dentman, as probably the only one on this board who knows even less than you do, I applaud you for asking. So, in the same spirit of a "LOL discussion", I say "yes" to all your questions along with the caveat, no one knows for sure, that's why these pennies are high risk, high reward.

My guess (for the pure fun of it, mind you, because it's nothing but a guess) LBSR rises as we all wait to hear more.

Guessing that after some kind of a signed deal happens, within a reasonable amount of time, it will go up nicely and quickly but only really pop if there is big money???

I don't know this but a JV probably wouldn't happen unless there is some kind of proof, first? guessing at all this, but things might happen in stages, or not?

Honestly, I think everyone who believes in this company needs to hear that sweet small voice inside first, then watch and see what others say to either support or not support your impressions. And keep listening.

Be interested in your impressions. :)

[Eli's Gone]

Good question--and many answers out there :-)...and anyone telling you they know where this goes at this point is pulling your leg...but we can say we are in the pre-discovery shaded area and have been there for a while...



http://www.resourceinvestor.com/2011/04/21/geology-does-matter-in-junior-mining-investments

[WillyburgD]

This is always fun. With the caveat that I have no clue, here's how I see it playing out - if we don't go under ;-):

If we do some limited scout drilling (e.g., 10 holes) before we sign any JV, I think we jump to somewhere b/w 5 cents and a dime on favorable results. This would give us a market cap of somewhere b/w $40M and $90M. Given the potential size of the deposit, and the fact that it is looking like we have indeed found a massive ore body, I think that is entirely reasonable.

If that scout drilling results in a JV w/ a major sufficient to fund years 1-4 of the plans JB announced today, I would guess we comfortably rise to previous highs. If, for instance, we bounced around the 20 cent range, that would give us a market cap of somewhere b/w $150 and $200M, which doesn't sound far-fetched (to me). In fact, if in years 2 & 3, we continue to prove out a very large ($100B+) ore body w/ good grade, I would expect we would get in the $500M to $1B market range, depending on the equity stake we retained.

For comparison, NAK peaked at about $2B in market cap but (i) had already completed tons of drilling which showed a truly massive deposit which resulted in (ii) retaining 50% of the project w/ $1.5B committed from Anglo. I think it is unlikely we will find ourselves in a similar position. However, it should be noted that the Pebble project (in all likihood) has a much lower grade than should be the case at Hay Mountain; Hay Mt. needs far less infrastructure to bring into development; and has far less political risk associated with it.

I should also add that NAK was projected @ its peak of $22 to rise to $80 if the mine actually went into production. I think we have a much better shot of reaching production than Pebble.