Liberty Star Uranium & Metals

Liberty Star Uranium & Metals Corp. (LBSR:PINK) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Currently the company controls properties totaling approximately 26,011 acres (about 41 square miles) which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

almost 9 years ago

in response to WillyburgD's message

"...would require about 300M shares at today's prices."

Yeah, but something like that has to be expected, and with more to come. The saving grace is, with early drilling success subsequent offerings will not be so cheap. With high grades and/or bonanza grades, we should be looking at multiples of a penny.

Note the commentary I posted the other day where the writer was citing instances of drilling success for explorers where the price went up by a fact or ten on the day of the news release alone. Granted those were probably better times, but I believe this market is looking for a spark to push it out of the doldrums, and high grades near surface at Hay Mountain could do it (to say nothing of the potential for bonanza grades and/or precious metals by products).

Geophysics supports this possibility, but for now it remains merely a "possibility". Having said that, I'm all in (and looking for progress reports on other projects too)!