To use the approved S-1 at a maximum conversion of 100,000 thousand dollars per month, and while also requiring conversions for routine operating expenses, just how long do you think it will take the company to save enough to pay for nearly half a million dollars in drilling costs just to get started? It's not going to happen this way.
Here is why I mentioned yesterday my expectation that there will be some deal with another investor, and which may include funds for drilling in exchange for a partial interest in the Hay Mountain project and shares in LBSR.
Meanwhile, I expect the SP to soften until the next news arrives, "...which we are going to get now".