"AND the share price would probably drop considerably by then with no JV news."

Hm, well, I think that depends on what news may come from TMBXF in the near term, don't you? News flow to be expected from them includes 1) receipt of explortation permits, 2) receipt of exploration funding, 3) archeology and site selection, 4) splication for drilling permits, and finally 5) drilling (if they don't do a deal on Hay Mountain first). Anything that benefits TMBXF at their Zebra property is going to support, if not improve the PPS for LBSR, eventually if not right away. Ever heard the word "closeology"?

But getting back to my earlier point, LBSR has the lead in archeology and I would guess that they've done the drill site selection too, though have not applied for permits pending a JV. In this regard, and given better geophisics, shouldn't TMBXF be banging at JB's door every morning? They, TMBXF, can put drills into the ground many months sooner by JVing with LBSR, and then they will also have better chances of hitting longer intersections of higher grade material.

IMO and FWIW