Leif Smith's Profile
Leif Smith's Posts
A suggestion to newcomers: investigate for yourself
Some messages posted here [over there] attempt to induce instant aversion to LBSR in newcomers to this board.
If you investigate for yourself you will find that the proposal to drill Hay Mountain in search of copper and other minerals is not without merit.
However, if you do not have the mentality of an explorer willing to take risk this is not for you.
Reasonable conjectures made by CEO, geologist James Briscoe:
The geology and history of the region (SE Arizona) is significant.
The existence of a strong magnetic high at Hay Mountain (identified with ZTEM) is significant.
The existence of geochem results at Hay Mountain consistent with a buried porphyry copper source is significant.
The presence and quality of surface indications at Hay Mountain of mineralization is significant.
The physical geology, revealing details of specific strata at Hay Mountain, identical to what exists at Bisbee, is significant.
The fact that these things overlap and mutually support each other is significant.
Now, if someone of wealth and daring puts all this together, and develops an understanding, in conversation with Briscoe, and if that person has the mind of a Texas-style oil drilling wildcatter, the result may be that funding for drilling is obtained.
And that would be a good thing for small investors not capable of funding drilling themselves.
The risk to the wildcatter, and one that is as much motive for such a person as discouragement, is that drilling will be done and nothing of commercial value will be found.
The first risk for small investors is that Briscoe and his network of allies will fail to find a suitable investor, and then that if such is found the result of drilling will be poor.
I think the right investor may be found and that drilling may produce good results. Therefore, I continue to hold millions of shares through storms of criticism and insult.
[I'm about to post this on the other board, where it may have a short life :-)]
An alternative to shutting things down is pioneered by the Sand County Foundation. One of the key people who organized their approach to saving grouse is a pro-market (libertarian) geologist, a director of the Foundation. I know him, and assure you that he has no interest in shutting down mining. However, I'm sure there are other players on the field who are truly dangerous to mining (and, possibly, in the long run, to grouse also).
http://thehill.com/blogs/congress-blog/energy-environment/260673-lessons-from-the-sage-grouse-collaboration-is-key-to
I'm not "so sure" about anything. I posted that because it was interesting, not to advocate anything.
- Frank Giustra and Gord Keep are long shares of Northern Dynasty. Mr. Keep is a director.
- The WSJ has closely monitored and chronicled overreach at the EPA surrounding the Pebble Mine.
- Given Mr. Giustra's friendship, with Bill, through the Clinton Foundation, the Pebble project may get a more objective review given the alleged EPA overreach.
- I fully expect Hillary to win on November 8th.
http://seekingalpha.com/article/4014394-stock-idea-upcoming-hillary-victory
It's a long and informative article. This may somehow, eventually, have some relevance again to LBSR. Our former claims are on the same caldera in Alaska, and we have done work there.
As I said in an earlier post, your scenario makes sense. Better for the company if it were done on a larger scale so money would be available immediately to tie up promising nearby claims before others did so.