Thanks for sharing that interesting discovery.

If a bridge loan were to be employed, I would think that would come about after the company proves they have something of value. In other words, for a loan of any type, one has to have collateral. In this case, that would be a proven asset, so drilling has to come first. What this means is, cash for drilling will have to be raised from other sources before LBSR has a proven asset to offer as security for a loan.

That a bridge loan may be possible, however, could be good news for shareholders, as it suggests being able to cancell, or put off, or reduce the neccessity for additional dilution. The more successful we are at that - putting off or minimizing dilution -, the more progress can be made without a partner, the better the deal when a partnership is concluded.

...all in my opinion.

VP in AZ