Hi, Bill. Thanks for those thoughts.

As to the history here, I began watching this company in the start of it's early run at around 4-5 bucks many years ago. The price was too rich for my taste at the time, and progress was slow, as was financing - the price tumbled. I got in in a small way when they added the North Pipes project, but sold soon after when progress became difficult and the Feds were getting in the way.

Since that time, the company added projects in SE Arizona. However, resumed progress in Alaska is what brought me back, although that again is now dead in the water. Hay Mountain now looks to be THE company maker, but the pending sale of NPSP could be very helpful in the short run, should it be concluded.

...I think I've now been a contineous holder for about 4+ years now. While this has been frustrating and testing of one's partience (and very heavily diluted), I also think the prospects and potential rewards have multiplied substantially with the passage of time.

I think each claims group is exceptional, and individually would stand out as prized holdings for any other company which held just one. As it is, LBSR has many, many potential targets at Hay Mountain, perhap a half dozen or more in Alaska, and Silverbell (along with the pending sale at the North Pipes).

..uh, I guess I started to ramble. The spike back in 2010 corresponds to ZTEM reports on the Big Chunk project around 6 weeks earlier. The PPS then fell on news of a law suite from a lender, and was quickly settled at the cost of serious dilution (but saving the company being tied up in the courts for years and years). Check news files at the company Web site.

VP