Re: Stop the gloom and doom
posted on
Dec 23, 2019 12:48AM
Combining Classic Mineral Exploration with State of the Art Technology
Well- let me try to address this "gloom and doom" business. As you must know- I am one of LBSR's staunchest supporters- patient and long suffering to a fault. I definitely want LBSR to succeed- and believe ultimately it will. I believe its holdings are too good for it not to succeed. However- if you try hard enough- you can mess anything up. Now- I certainly don't want to discourage anyone from looking at LBSR. But that is precisely the problem. You ask - "is it possible that there could be partners having their experts look at our data".- Well- maybe. But you know, people are not just randomly looking at us. If that were the case- we probably would have had a deal long ago. Exactly the opposite is more usual- that visability is very poor and one has to try intensely just to create interest in one's project- Hay Mountain might seem like a big deal to us- but it is really quite obscure. One has to first be out there- on a full time basis- beating the bushes and dragging potential investors by the scruff of their necks to even take a look at us. Then there must be a very persuasive presentation to sell them on the idea of putting down their good money on an unproven target- on our say so. Sure- the ZTEM and all the other geological, geobiochemical and historical data and information helps- but it can't be in a vacuum- there needs to be a very aggressive and knowledgeable selling campaign. Yes- their own experts may look at the data- but they have to be induced to do so and- as VP points out- with new modalities- ZTEM is old hat to us because of JB- and the fact that we take it for granted is a testament to how far ahead of the curve he is- but for many- even large sophisticated companies it takes a good deal of knowedgeable explanation to convince them that a target such as ours is worth expending funds to drill on the basis of such data-(before it has been drilled- Catch-22) So these are some of the issues I am skeptical about- the company's ability to successfully carry out these tasks in its current configuration (not to mention exploration/geological management decisions- we haven't even discussed that). Not for the sake of being negative- I'd rather be sitting here cheerleading all the way- as I have many times in the past. But if through some constructive criticism we can provoke some better choices and policy changes- I think it is for the good of the company and ultimately good for us.