"We need to begin drilling. Either gold or copper. Maybe the gold first. That's where our efforts need to be directed."
I agree as to the gold. The copper market is hurting and it will not be coming back soon. That should not matter where we are expecting bonanza grades of copper, but it does to potential partners (especially those from outside the region).
https://mining.einnews.com/article/518192970?lcf=-9uuuS1RcYoZrhlmc6j2lA%3D%3D
Meanwhile, gold is booming and we could find a partner to help with channel sampling for Carlin-type gold near Hay Mountain. That would be A LOT CHEAPER and easier than it has been in finding a partner for deep drilling at our copper target.
And, "Gold could hit $2,000 an ounce and will remain elevated over the next five years as governments launch stimulus programs, according to Newmont Corp., the world’s largest producer. Investors including VanEck also forecast gold prices to advance."
https://www.mining.com/web/gold-giant-australia-is-firing-back-up-a-record-exploration-boom/
Sadly, LBSR may not have anyone in the executive offices capable of capitalizing on this new environment in mineral exploration. I'd very much like to be proven wrong because holding this stock is getting more costly by the day given that other companies with interests in precious metals are booming.
VP