Progress?

 But to what end? We already knew there was some gold at RRC- so no big surprise. The question is- is it a commercially viable deposit? Now- I am no geologist- and didn't even stay at a Holiday Inn- but it seems fairly obvious to anyone that these scattered, patchy and isolated deposits don't a commercial mining site make. That has been the conclusion of the many who have come before ( including not one- but several big mining firms, as well as many individual explorers over many years- including James Briscoe- there is nothing new here). It's not even that they've found new and different significant locations to knit together- they're mainly reprising what was already done. And, I assume, spending a lot of money doing it. I believe the idea is that- since the POG is higher- what was not commercially viable then- may be now. But regardless of the POG- there still has to be a significant contiguous concentration to make it commercially worthwhile. Mining costs have gone up as well- from those good old days. If everything is in "bits and pieces", is their idea to turn the whole canyon into a giant open pit mine? What are the chances of that ever being approved- and in how many decades? So- aside from Liberty Star never in a million years actually creating such a mine, getting it approved and profitting from such a construct- it doesn't seem like a very attractive offering for sale to someone else- which would be the main way to profit from such a situation in anything approaching a timely manner. And we know what a great salesman BG has shown himself to be. What a sad and wrongheaded misadventure,  IMO. 

It's hard to even understand the motivation for having gone in this (mis)direction- unless it was just to be able to show that he (BG) could do something that James Briscoe didn't. Why else would he finally have a chunk of money in hand- have what we believe to be an enormous and enormously valuable, contiguous and highly concentrated deposit - by some accounts with as much as a trillion dollars (with a "T") of copper sitting there- worthwhile- and saleable- even if the true value is a tenth of that estimate- and then turn his back and look in the opposite direction and start to expend funds exploring an already demonstratably iffy site such as RRC?

All the things he is doing at RRC have already been done at Hay Mountain- the geochemistry, the biogeochemisty, the geophysics- i.e. ZTEM and- the targeting. At this point- they  are not really sure  where to drill at RRC- other than looking at previously abandoned targets- and I'm not sure they even know how to decide exactly where to drill. While at the same time- it's all been done for them at HM! Even the archeology and environmental studies. It would have been ready-set-go. And the payoff- would be proving out the deposit we have all believed has been sitting there waiting for us all these years. And because the HM deposit is deeper- it would result in a deep mine- which I would expect would be created by someone else- either through a sale or joint venture- either of which would accrue to the original Liberty Star owners- us- a huge return.

Is it too late to turn an aboutface back in the other direction and spend those remaining funds- we don't have a full accounting of how much money has been wasted at RRC- on starting to drill at Hay Mountain? It would be the salvation we have been expecting all these many years- before Brett "Rid'em High" Gross came along. Maybe Cowboy Brett just liked the ring of the romantic Ol' West sounding name of Red Rock Canyon. Sounds like something out of a Roy Roger's movie. It would be as good a reason as any that has been given as to why he decided to look yonder- over them thar hills. Let's get back to Hay Mountain.