Re: Is It Possible LBSR will Drill 3 to 4 Holes at Hay Mountain?
in response to
by
posted on
Jul 24, 2018 04:03PM
Combining Classic Mineral Exploration with State of the Art Technology
I know there are rational arguments for waiting to drill ten holes. I believe transporting the drill would be $27,000. I know some of the other reasons why NOT to drill just one or two or three holes. But as you say, unless some deal is imminent, the current plan is not working. The days of the S/P going up because the evidence suggests more minerals in the ground are gone forever. This is pure brainstorming, but I wish there were some way to do a pay-as-you-go drill program. Kaizen: the japanese concept of doing things in small steps. Announce a drill program of steady one at a time drilling. maybe there is a drill and driller that is not currently generating income that would accept a down payment to come and begin this step-by-step drill program. Maybe as someone just wrote, the will to drill alone might make the share price go up AND/OR get the attention of some companies who are on the fence. Maybe a few people could swing a private placement, knowing that the money is not just going to pay the rent at JB's office. A lot of maybes, but unless one of those promising companies from February are nearer to funding us, maybe it is time for something new.