Nobody ever knows where a share price is going. And, with a jr. exploration company, they rarely even know where their projects are going.

Since you are new to investing I would just offer the advice that the market is generally very efficient at pricing, and usually when a share is priced in the pennies it's for a good reason.

With a company like LBSU you invest on the chance that the future holds a big surprise, and the market hasn't taken this surprise into account. That surprise would have been a couple of mineralized pipes, a JV with a Major at Big Chunk, etc, etc.

Instead the company ran out of money before it could accomplish either of the above, and the surprise was a negative one: financing for Jr.s dried up and the market in general for exploration companies tanked.

Looking back, the market was right about the chances all along from the day they switch from gold to uranium.

Is there still opportunity here? I don't know. This company continues to disappoint, and Briscoe is good at generating hope but horrible at living up to expectations.