That is spot-on, HKipp!  The stimulus money could be used to pay for the required annual election of board members, but we will not see that.  [How many have we missed now, three?]

Similarly, BG found money to pay for several superfluous and redundant studies - by second-tier consultants, IMO - that could have paid for elections. 

I feel that LBSR is no longer a public company.  The BOD appears to behave like a fiefdom existing only for themselves.  This is evidenced by their failure to have elections and by the special voting rights they gave themselves.  And by their seeming refusal to seek potential partners among other than "international miners".   Presumably, "international miners" being major producers who almost never enter exploration-phase projects, especially in new areas to them, and especially involving blind targets.

What is the issue with starting small and then going big once the company proves a copper porphyry discovery that could allow it to move on to other such targets in the Tombstone area?  That's how it's done in this business.  Is BG thinking he can break that mold before his holding-out breaks the company?

Lots of exciting things are happening in exploration mining these days.  It is too bad that Hay Mountain can't be part of that.

VP