In this economic environment, "interested parties" are under no urgent need to do deals and mark progress, particulary in regards to blind targets. While I am quite certain that Hay Mountain has "interested parties", we just can't know what level of inerest is being shown.

Look at neighbor, Excelsior Mining on US Hwy 10. That's north of Tombstone and adjacent to Johnson Camp. They are ready to develop their mine, but like LBSR they need money. Seems to me that someone should have stepped forward by now, given that Exelsior is estimating a huge pretax IRR of 59.7 percent. While their appeal is different, their situation does illustrate just how tough the market is. http://www.excelsiormining.com/