"It sounds very very good price and when do you thing that will happens."

Yes, but there are qualifiers, foremost of which is, LBSR is likely to sell their interest in Hay Mountain well before production can begin there. Please note that this is an exploration company. The only time I heard, or heard of JB saying anything about becoming a producer was a couple of years ago, and I believe he was then thinking about having moved on from everything but NPSP. That aside, it is highly unusual for explorers to become producers, so I would not think that the company would have much more than perhaps a royalty interest by the time production begins in something like seven years from now.

What I see, hopefully, is a sale, or partial sale of Hay Mountain, with the proceeds going to advance another adjoining project in the Tombstone area, and the process repeating for each of many targets there. Then, back to Alaska and/or Silverbell.

When will we see a dollar per share? Hard to say under these circumstances, but lets say the company keeps a ONE percent interest in what may become a 100 billion dollar project in seven years. There's your one dollar per share.

However, if they have a FORTY percent interest 2-3 years from now, and in what may be regarded as eventually becoming a 100 billion dollar project, we now have to ask ourselves what can they sell if for? I'll still go with around one dollar per share, even though it's just a WAG (wild ass guess) at this point. Uh, and if they keep a 1 percent net smelter royalty, then there is another 1 dollar per share in value at around the time production begins.

Now, lets compound this situation and make it excitingly more complex by asking, what will the stock be worth several years from now after selling a major interest in Hay Mountain, at least one other project, and having some seriously promising drilling results on two, or three or more other projects? ...assuming shareholders don't get too greedy and sell out the whole company far too soon. With that in mind, look for spin offs as exploration results warrant.

VP