Re: When will drilling start
in response to
by
posted on
Sep 20, 2007 06:46AM
Combining Classic Mineral Exploration with State of the Art Technology
Doesn't the latest release state that the drill will be mobilized in 4 weeks?
What we really need is an intensity of investor focus on US uranium mining in the West the matches Athabasca, and Labrador. There is a fever for uranium juniors in Canada and it simply hasn't translated to the US. Companies like URRE and URZ are notable exceptions, but even they trade below the price/lbs in the ground that their Canadian counterparts trade for. And, here in the good ole USA we're talking about ISR... cheap cheap cheap to produce and environmentally friendly. And, looking at Australia we have a situation where the national government is making agreements to sell uranium to China, but the provincial governments are opposed to uranium mining?! Somebody who owns LAM and MGA needs to keep that in mind.
I have a proposal for Mr. Briscoe, and I hope he listens. Looking at the most successful juniors by share price, they have a couple of important things going for them. The staked great territory early in this cycle, that's true, but more importantly they have been acquisitive of other small juniors. Early on they used their capital to merge with or acquire other juniors that also had great prospects, and they began to build companies that majors would be interested in. There is, shockingly at this late stage of the game, a similar opportunity to acquire in the American West. A similar opportunity to build a new "super junior" in uranium and rare earth metals. Look at the paltry market cap of Mesa Uranium, and this is a company that has staked a commanding land position in the Lisbon Valley, a region that in the past produced over 100 million pounds at high grades. They also have Breccia pipe targets that they have optioned to EFR.
Mr. Briscoe: Merge with Mesa. Create a super junior uranium miner in the American West. Lisbon Valley, Arizona Strip, close to mills, past producing areas, drills turning at both locations... Mesa's market cap is currently about 9 million US, and they just hit significant mineralization in the same strata at the Lisbon valley mine.
If Liberty makes this kind of a move we will generate the investor excitement that until now has belonged to the Canadian and Australian juniors, and we will have some of the best drill prospects in North America.