PART 5 of 5

In conclusion, I think most shareholders would be shocked to learn that their self-appointed, part-time CEO has gathered powers-of-attorney from all other board members, leaving us with one person to represent shareholders while, in my opinion, being both unqualified for his position, and likely distracted by the priorities of his full-time employer.  This is legal from what I can find, but it strikes me as a distasteful abuse of shareholders because it detracts from what should be a system of checks and balances within an engaged board of directors.  As it is, we appear only to have BG looking out for shareholders. Could that be why we do not have a partner now, no one is looking over his shoulder on our behalf? How many many interested parties have been turned away by him, or walked away sensing his lack of full-time commitment and/or knowledge of mining and geology? Is he even reachable during normal business hours?

It looks to me as if BG does not understand that major producers are not typically the best first step for an explorer on the path to discovery. Partnering with a major is something more likely to happen after first partnering with a junior company to first build an asset.  But BG may be trying to skip that step because it would mean having a smaller piece of the pie during the development stage at Hay Mountain.  Still, that is what typically happens with exploration-phase miners.  However, multiple divisions of one pie do not mean that a partner or partners of any sort will be needed for any other discoveries following the first one. As I see it, therein is the key to the Bank of Cochise County, and fortune for all shareholders.  But if a major can be brought in at this point it is likely to mean giving up those chances at 100 percent interest in projects beyond Hay Mountain. But it almost never happens that a major producer drills a blind target no matter how many redundant, superfluous and expensive reports are rolled out first. 

Were it in my power to do so as an individual, I would immediately call for elections to retire all sitting board members and restore JB to the board to at least the position of Chief Science Officer or Head Geologist.  

Oh, and if anyone here thinks that this board in any way influences the share price, you are grossly mistaken. I would guess that we probably have 1-2 thousand shareholders, and maybe 20-40 who read here on any regular basis. This means that Agoracom is not a primary news source driving our market and it likely never will be. Anyone who thinks otherwise probably also believes LBSR at this point is a good candidate for partnering with a major copper miner. Good luck with that. 

P.S. Mining and mining mergers/acquisitions are being hit hard by the virus scare. Late spring should bring improvement, if we are lucky.