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.

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I wish...

almost 8 years ago

in response to smokingreen's message

I am probably making more mistakes in my calculations here, but here is what I would love to do if I had just $200,000. First I would buy $50,000 worth of LBSR on the open market. Let's say I paid .0025 and that would buy me 20 million shares. Then I would do a PP for $150,000. That should be enough for drilling. Which would result in a news release saying LBSR will start drilling. (I think my $150,000 plus whatever LBSR has--$40,000 or whatever-- should enable this). My hope would be that either a drilling announcement itself or early Niton indications would be enough to make the share price go uo to .04. Conservative estimate?

I would immiediately sell the 20 million I had for $800,000 (at .04) making a profit of $750,000. Which more than pays for my $150,000 PP. Leaves me some cash and, if I chose, some money to buy the warrants that came with the PP.

Now...does anyone have $200,000 I can borrow?