...for those not too knowledgable about the mining exploration business, here's a valuable primer worth revisiting often.

http://www.321gold.com/editorials/guest/delreal011415.pdf

EXTRACT - "The importance and lack of long-term, committed shareholders that understand and allow the dicscovery process to play out - for companies actually looking to make a discovery - is understated and many times overlooked."

Given LBSR's persisent and extremely low turnover (of shares), one must conclude that it is largely owned by "long-term, committed shareholders."

FWI, I've met some of those named in the linked essay, and even long ago owned some of one of these companies.

VP