The very graphic decline in money available to miners is illustrated here.

http://www.mining.com/a-brutal-year-for-mine-financing-in-just-one-chart/

But as I keep saying or implying, a major discovery will mean no futher lacking of access to money or partners for LBSR, though the rest of the sector may continue to struggle.

By the way, could there be a chance that the Nord/Johnson camp sale to Excelsior will not close? Probably not, but I'd sure like to see LBSR pick this up, while they stake new claims in SE Arizona (from ZTEM indications). Not right away of course. Let's see what drilling at Hay Mountain tells us - and the market - first.

VP