Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

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Message: Shareholder or Partner?

Being a typical in-the-dark shareholder of LBSR, I understand that I am not entitled to the same information as is the CEO, and the BOD.  While I can have a conversation with one or more of them, I am not entitled not know all of what they know, so there can be no other half of the discourse.  In other words, one can not particpate in decision making without having inside information, so I can never have full and open discourse with management ever.  Whining about not having it would just be silly on my part.

Changing subjects a bit, and adding to concepts in exploration, let's imagine an overly simple graphic to help see why drilling one, or two, or three shallow holes is not appropriate for Hay Mountain.

Picture a typical ore body as a pyramid.  Now picture the top of the pyramid as intersecting the middle of a flat line.  The result would look like a tetter-totter, with the flat line representing the surface of the ground.  The pyramid is the ore body, but you don't know if it's really there, you can't see it - it's a "blind" target.

Now, as an exploration geologist you want to find the pyramid by drilling, but your work only offers suggestions as to where the peak of the pyramid may be, your target.  You have some ideas, but you don't know for a fact.

The answer, of course, is drilling, but it also means that if you don't drill in exactly the right place, and/or deep enough to intersect the pyramid, you risk missing it entirely.  Therefore, the number and depth of the holes is stragically important, no? 

In conclusion, this is not like placer minining where once you pan gold at the surface, chances are good for paning or washing more by simply moving your body or trucks around on top of the alluvium.  Hard rock mining ain't like placer mining! 

VP

4
Nov 13, 2017 07:45PM
4
Nov 14, 2017 11:36AM
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