In a related matter, "discovery" trumps a poor market for mining shares, especially in the presence of high or bonanza grades - always has, always will.

By the way, in answer to a question that came up a couple of weeks ago, JB mentioned the grades at the Hay Mountain gossan as being up to 22 percent copper (by Niton), not including other metals. Otherwise 20 has been mentioned, I think just in rounding. 22 percent copper is 940 dollars a ton! Compare that to the typical open pit copper mine in Arizona producing less that .4 percent copper per ton.

The point is, that 2 percent (between 20 and 22) is a huge margin when some mines in Arizona are producing at one-fifth that number. Of course, nothing is proven as yet, and we don't know if grades will improve initially, or go down - we need to drill! And, we don't know the striping ratio if this is pitted, as opposed to going underground. ...still worth thinking about, and not to be dismissed.

Go to 12 minutes, 40 seconds into this interview.

http://smallcapepicenter.com/beyondthepressrelease/AGORACOM-LBSR-10262015/