Good question. Maybe you can ask the company via Agoracom.

...shouldn't be any problem, though, just a matter of formality (and time), probably the previously mentioned 30-90 days from application date for permit(s). Having said that, there was drilling on one site there several years ago, but the contractor failed to finish the job. I would think those permits, or that permit, still valid but may need to be updated as to who will be doing the work, assuming Genesis wants to start at that location.

If I recall correctly, LBSR has around 330 targets in the area, by far the largest holdings of any company in the area - roughly as much as all other claim holders in the area put together. And, if I remember old readings, USGS estimates that probably 1/3rd of all pipes in the region will be found to be mineralized. While I think LBSR/Genesis will score better than this (for reasons I'll not present at the moment), that means the developer should end with something north of 110 mineralized pipes.

Playing with numbers again, and guessing for the sake of discussion that each mineralized pipe can average 3.5 million pounds (per USGS) at say 50 dollars per pound, that's 175 million dollars of gross income PER PIPE. A royalty interest at 2.5 percent, then is worth $4,375,000.00 PER PIPE over 110 pipes. In other words, LBSR could receive an income stream from AT LEAST $437,500,000 dollars in royalty income. AMAZING!

...and Genesis thinks it can improve yields? Whoa!