Re: Update
in response to
by
posted on
Nov 05, 2016 11:34AM
Combining Classic Mineral Exploration with State of the Art Technology
"I do believe the company's response did provide some new details..."
If you really believe that those tidbits only came out because of your questions posted here, by all means then, keep it up. Do it every day, and thank you in advance for that.
---
Changing subjects, the price of uranium continues it's epic plunge, now down to $18.75 per pound, the lowest price in nearly 13 years, and off around 50-55 percent in the last two years alone (down from the all time high of 138 back in '07). If I recall correctly, LBSR was very seriously considering aquiring and exploring near surface, low cost uranium prospects in Utah before outcropping copper porphyry mineralization was found at Hay Mountain. As bad as things may appear now, they could be so much worse if we were stuck with property in Utah awaiting improvements in the uranium market.
Having said that, it's hard to feel grateful anyway, with the share price where it is compared to two years ago.