A further observation or two from JB's comments.

"The 2D database will be included in the NI 43-101 format professional report which is vital to our capital raising efforts. SRK is rapidly approaching completion of the remainder of the report. ..."

AND,

... "After final interpretation we will need to do final targeting of diamond drill holes and begin the phased drilling..."

[Emphasis added.]

"...final interpretation", I believe, refers to the 3-D Interpretation, which appears to not be something required for the SRK report which "...is rapidly approaching completion". So, the next two PR's to be coming withing days to weeks are 1) the SRK report/recommendations, and 2) the 3-D ZTEM interpretaion.

I note that 3-D on Big Chunk came about 2 weeks after the 2-D report. However, Hay Mountain seems far more complex (and perhaps more strongly mineralized) than Big Chuck, so these timing comparisons may not apply.

In any event, I will guess that we could hear SRK's conclusions within a week or two, and I hope no more than 4 weeks to news on the 3-D interpretation. Then, if during this time LBSR is making progress toward funding scout drilling*, we should all be very pleased with the market's reaction to these developments some several days before Christmas.

* "After final interpretation we will need to do final targeting of diamond drill holes and begin the phased drilling..." Does this not seem to imply that funding for scout drilling is already in place, or am I reading too much into this? Maybe the 2-D & SRK reports will set up funding, so that drilling can be implied with a "go" from 3-D. Dunno, just thinking out loud.

VP