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 8 years ago

in response to smokingreen's message

I agree and I also agree with Leif that it would be much better for the company if the scale of the investment was multiple millions. I think I was using $150,000 as a sample amount was because, a couple days ago, I was talking to a guy I know that I had not talked to in two years. He is a businessman, owns one now and has owned one in a different field before. He's also a sophisticated investor in land, stocks, etc. I was telling him about LBSR and referenced the PPs, telling him the company could start drilling with $150,000. (maybe $200,000). His response, "Dude, do you know small an amount $150 grand is?" That's what puzzles me. I am 100% certain that if I had, let's say, $7 million in assets, I would do the $150,000-$200,000 PP with the side buying of shares. 100% sure. So I feel like eventually someone who does have this kind of money for a very modest amount, would look at the risk/reward and do a PP.