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Message: Re: Potential Share Prices?

Apr 27, 2017 11:53AM

Apr 27, 2017 12:49PM
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Apr 27, 2017 08:57PM

I am only pointing out that Nevanda Mining is a poor "comp?" for a number of reasons, one of which includes the nature of the market when it's share price was 6 bucks.  Beyond that, the most significant difference is the grade compared to what we are expecting from Hay Mountain - copper equivalent for them of a bit over .5 percent, when we are looking for Bisbee-style mineralization of up to around 23 percent just in copper alone. 

That reminds me, I think the Lavender pit at Bisbee was closed when, after 110 years, yields dropped below 3 percent.

If, if, if LBSR hits Bisbee-style mineralization, Hay Mountain will become the mining story of the last couple of decades, if not more.  If will outshine nearby Rosemont, bought by HudBay for 555 million Canadian, when the US and C dollar were, I think, then nearly equal.  Similar to Nevada Mining, Rosemont, while very large, does not have Bisbee-style riches.

Again, we have a lot of risks, a lot of "ifs", and no drilling to this point in time.  ...and still 100 percent ownership.

VP


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