Re: Stock Recession
in response to
by
posted on
Sep 08, 2018 12:01PM
Combining Classic Mineral Exploration with State of the Art Technology
Well said. I would like to see them calculate a minimum necessary monthly amount for drilling after the initial twenty-seven thousand which I believe I heard somewhere for the cost of drilling. Then try to arrange multiple commitments for this drilling. I've heard the argument for years about spending other peoples money and people like Brett and Pete not investing their own. But what if each one could commit to finaning one month, and maybe get a couple more people to do likewise. I may even have some money if I knew it was going to go to drilling and not to keep the lights on. I think if we could get commitments even for three or four months it would 1) be better than waiting another year for one big amount 2) give an opportunity to drill multiple holes to increase the chance of finding minerals and 3) signal to other potential investors that LBSR is moving forward. And if initial drilling actually hit some copper and gold, I think new interest from new entities would follow.ALSO...I've hypothesized about this before and I've seen other people post similar thoughts. If an an LBSR investor with lots of shares committed to an investment in drilling and we could reach some number that ensures drilling for a few months, I think the share price would go up on that announcement. So the investor would have the option to sell some previously owned shares to recover the new investment or keep them and hope for the best.