"How much worse can it get for the juniors that have already been hammered?"

Hi, Blue, and a happy Easter weekend to you (or Passover as the case may be).

I began a lengthy reply, but deleted what I wrote to avoid getting too deeply into a complex subject that can be made more simple by pointing out that until risk appetite returns to markets in general, and by that I mean markets globally, I don't see things getting much better anytime soon.

There will be exceptions, of course, and we can only pray that LBSR will be among them. Meanwhile, let's watch AZ neighbor, TMBXF, to see if/when their new partner ever comes through with the cash they promised for the Zebra property. BTW, I think that cash is subject to an award from a law suite in Africa not yet concluded.

Oh, and on that subject, I don't know why TMBXF would want to drill their Zebra property knowing that virtually yards away is a very much better prospect at Hay Mountain. If I were TMBXF and came into a pile of cash for exploration, I'd be trying to work a deal with LBSR, wouldn't you? ...especially given that neither property is likely to be developed without such a deal being in place eventurally, IMO.

Cheers,

VP