geoglow,

Sorry, but I have to disagree with your valuation. Briscoe's plan is to have a certralized mill, and truck ore from 4-6 pipes, thereby reaching his mill capacity to fullfill his plan, which is 30,000 lbs. p/day. At those grades, the operation would produce $4 MILLION P/DAY in revenue. That is a huge amount. Let me quote Briscoe who is a geologist of some note, answering the question, "Where do you see your company in 5 years"? "We see Liberty Star producing uranium ore from 5 mines at a rate of 400 tons per day EACH. That would be a total of 2,000 tons or a toatal of 30,000 lbs. per day at a gross value of about $4 million per day. At the same time we expect to have 5 mines on standby so that each year as one mine is being mined out it will be replaced by a new mine coming on line. We also will be drilling additional mines out so that there is always a new mine ready to replace one that has been exausted. This process will go on for about 30 years or more until all ore bodies have been mined". Don't forget they have in excess of 300 of these pipes, so these figures, if history can be relied on, there is enough of ore to supply his plan. Historically, 18-20% of these pipes have hit those grades, so with 300 hundred of them to work with, these figures can be attainable.

Good luck with it, I'm in it too.

skys