My mind keeps going back to NR172 of January 30th where JB disuccess the potenial comparisons for Hay Mountain, and this in particular:

"The footprint (horizontal or map projection) of the Mission-Pima ore body fits comfortably in the superimposed anomalies at Hay Mountain. Similarly, the footprint of both Bisbee, Arizona, and Bingham Canyon, Utah, also fit comfortably within the anomaly highs at Hay Mountain."

If we can assume that the cited projects are appropriate comparisons, what does this really mean?

1) Mission-Pima, which is about 30 miles west, is the third largest copper mine in Arizona, and expanding.

http://www.clui.org/ludb/site/asarco-mission-mine

http://www.mindat.org/loc-32002.htm

2) Bisbee, 15 miles south, was the site of the one of the most important mining camps in the history of the American Far West. Mining was active there into late in the last century, producing 3 million ounces gold, 8+ billion pounds of copper, plus silver, lead, and zinc. Now, local talk suggests that mining will be reactivated, that as much ore remains as has been taken out as has already been mined, PLUS HREEs, and perhaps uranium (according to new reports and findings of radon gas in the old Copper Queen mine - http://www.svherald.com/content/bisbee-news/2013/08/14/357906).

At current prices, 6 million ounces gold and 17 billion pounds of copper alone would be worth about 58 billion dollars. Then add for silver, lead zinc without considering possible future production of HREEs and/or uranium.

3) Bingham Canyon - Production here, and based on amounts extracted as of 2004, comes to about 180 billion dollars, and there are decades of econcomic production left at this site.

http://abeautifulmine.com/amazing-excavations/bingham-canyon-mine

As a FWIW, here's geological cross section of Bingham Canyon. Does it look at all similar to some Hay Mountain graphics we've seen?

https://en.wikipedia.org/wiki/File:BinghamCynX-Section.jpg

--- If the comparisons are valid, then JB's earlier mention of Hay Mountain having about 100 billion dollars in metals begins to look more and more likely. ...and that's old info. Since then, ZTEM at Hay Mountain has shown twice as many targets as ealier thought.

OBSERVATIONS & COMMENTS:

Early on JB was comparing Hay Mountain to Bisbee, where copper and gold production alone has been from around 58 billion dollars. Now we are also learning that the economic history of Bisbee may no be concluded. Later, we heard comparisons to Mission-Pima, AND Bingham Canyon where production into recent years has been estimated at 180 billion dollars. Meanwhile, ZTEM has doubled Hay Mountain targets.

CONCLUSION:

LBSR, as owner of the Hay Mountain claims, may be the best lottery ticket in mining today, if not the best in recent decades. ...just my opinion, of course, but I surely like the odds.

SRK report and permits coming soon, then to be followed with news on a JV, I suspect.

VP in AZ

nof gold and more than eight billion pounds of copper, not to mention the silver, lead and zinc

arly