Re: It ain't just about blind targers...
in response to
by
posted on
Jul 11, 2017 02:18AM
Combining Classic Mineral Exploration with State of the Art Technology
I have wondered this before, but I have often thought that one factor playing a part in the failure to get funding is that LBSR may be being somewhat inflexible in its demands and expectations. As you said, maybe they should consider a scaled down drill program with a more appealing cost to potential investors. Even announcing drilling might raise the share price a little bit to add to the coffers to pay to continue drilling. Despite some very smart people here whom I admire disagreeing on this, I think JB should adjust the confidentiality agreement time requirement. Some flexibility here could actually get one or two companies more interested, thus putting the pressure on companies interested who now know they have competition, which makes a long time period less crucial. And third, LBSR and JB beleive they have billions in the ground and I don't argue with that potential. But is this making JB hav expectations that are too high and they are deal-killers? I don't know. I do know that, at some point if there are no takers, JB and Brent and all decsion-makers like Gary Musil (sp) should consider a revisesd % as LBSR's cut. I believe that at least twice LBSR has disclosed that it believes the mineral deposits at HM may be larger than previously thought. The first time, I think, was the national tour where JB had used the word humongous. If taking a little bit smaller percentage on what could be a much larger amount of minerals than first thought, LBSR and all involved will still all be multi-millionaires. This is all conjecture about any inflexibility, but the longer it takes to get any real interest, the more I have to wonder. Still think it is going to happen some day.