Something called "country risk"...
posted on
Mar 05, 2021 10:37AM
Combining Classic Mineral Exploration with State of the Art Technology
https://www.cnbc.com/2021/03/05/nationalism-on-natural-resources-is-surging-miners-could-suffer.html
It is interesting to observe that as some countries close off access to their natural resources to foreign-owned companies, the US is moving to close off access to natural resources at many locations to almost any potential user - from metals to hydrocarbons and forest products.
It all adds up to a different kind of "country risk," something never before assigned to the US. It also means increasing dependence on imports damaging our economy while benefiting those who will happily sell us what we can't produce for ourselves.
Let's not forget that the Big Chunk caldera could have provided all of this countries' metals needs for many decades. Now it seems gone forever.
The brecciated uranium pipes of the Colorado Plateau could provide all of this nation's uranium needs for decades. Now our congress wants to make the temporary new mining ban a permanent one.
Resolution Copper in Arizona could provide 25 percent of our copper needs. It is under legal challenges now and could be lost forever.
The Rosemont project near Tuscon could provide up to 22 percent of our nation's copper needs for decades too, but hikers and nearby residents don't want it. So far, the Feds are obliging by making progress increasingly difficult.
Yes, Hay Mountain may be a different story. It may be more desirable because of these issues at other locations. In the meantime, LBSR has no partner for drilling. Why not is a matter of speculation.
And in the first hour of the trading day, only 408 shares have been sold, 3 in the last trade.