Sentiment on LBSR
posted on
Oct 22, 2019 01:47AM
Combining Classic Mineral Exploration with State of the Art Technology
Not sure I fully agree with the sentiment on this board these days really. And I'm supposed to be the pessimist.
If we look at all the bits of information that reached us lately - cutting costs, getting a new skillset on board - to me they read as steps taken on a path management believes to be best suited to move this company, but more specific the Hay Mountain project, to the next stage
And yes, that next stage should be drilling. Proving our claims hide what Mr. Briscoe is convinced of is there.
Now I do realize we've all been here (too) long, but did we at some stage not all say that something needed to change? That we seemed to be going nowhere?
Now that that change has apparently come, should we not grant them some time to get things going?
I'm confused about the new claims as well, but with all that they've been showing us so far (new skillsets, cutting costs, private money spent), should we not give them the benefit of the doubt that that investment in additional claims is needed as part of a bigger plan that hopefully eventually will lead to that first drill hitting the ground?
How long have we all been here? How long since the change in management? Only looking at what information has been released in that relatively short amount of time, do we really not have the confidence to say 'what's another couple of months, I want to see how they play their next hand?'
I for one am more excited again than I have been since I don't know how many years. But I'm starting to get the feeling I'm the only one. Which doesn't matter. Just wanted to share my 2 cents.
GLTA,
LR68