Mr. Vegetable,

Yours is a well-thought-out post, although I disagree with your ultimate conclusion. I think that if NPSP is removed from the big picture, your analysis has merit. I think that North Pipes, though, changes the entire dynamic. If, as I still think is likely, that deal closes in the next couple of months, there will no longer be any waiting like vultures if you are indeed correct about that. Waiting like vultures would be pointless as LBSR could continue indefinitely, so there would then be a rush to get in on the action before someone else does, meaning that we could see a flurry of juicy offers in short order after NP closes.

As to Genisys (if I got the spelling correct), since they are a fairly new and small company, they won't want to hold up any longer than necessary I would think. They have a sure thing with LBSR, and there would be no guarantees of getting this deal with another entity controlling the North Pipes claims. This is their chance to prove their technology for future customers and make good money at the same time. Therefore, they are unlikely to be interested in unnecessary delays on this project so are most likely to conclude the deal very soon, especially if they think that delaying could cause the collapse of a very important customer. Their success is closely tied to LBSR's success.

Just my thoughts, but thank you for a good post that got me thinking.