With respect, I disagreed with your thinking then, and I still do. Here were the reasons I cited, plus one more.

1) If you are in management for an exploration-phase mining company with no good news near at hand, you will want to avoid AGM's, particularly where you may not have controlling interest, and/or friends who comprise controling interest. Otherwise, you could find youself out on the street, voted out by resolution(s) introduced at the meeting. Forget what level of chances, the risk is there.

2) If you are going to ask shareholders to increase the amount of authorized shares, you will go bigger than your near term anticipated needs to avoid the chance of having to go this route again, AND it provides a cushion allowing for the possibiliy of taking advanage of unexpencted oppotunitiies.

3) IMO, giving away a share of ownership in LBSR or MH in addition to a JV interest, would be an odd and different form of a sweetener. Pretty much the same thing could be acccomplished by, say, JVing for a 60/40 split (in favor of the partner) over a 50/50 deal + shares. That's how it's usually done in this business, and that requires no change in authorized shares.

VP