Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

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Message: Good news? YES!

My friend, there is a cycle to seen from news events such as this, and what happend with LBSR between yesterday and today was entirely within the range of expectation, at least in my opinion. At some point I believe we will get that sort of news of which you speak, and the share price will rise for multiple days in a row, just not now.

For what it's worth, I see 5-10 cents on a +/- 50 percent JV annoucement, and a double from there when drilling begins, and further rising expectations (aka price) in anticipation of lab results.

You may recall I had earlier anticipated a dollar per share for LBSR going into production. That opinion, however, was formulated on a billion shares or more out by then, and only a 10 percent retained interest in the project. I now see the company keeping 40-80 percent with this Saudi deal, so perhaps this will make the waiting a little more tolerable.

Paciencia!

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