Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

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Message: A new all time low today?

Yep. Once again- nice going, Brett. Just another demonstration that fluff announcements- whether in the form of PRs or glossy- expensively produced videos- really don't accomplish much. The only announcement that counts would be an announcement of a JV deal and or the actual start of drilling. All these productions really say is that they confirm that we currently have no potential partners or investors or even the proverbial "interested parties". If there were- there would be no reason to desperately waste money on these productions. At least a simple PR is a lot less expensive. Where time, effort and money should be spent is management getting out and personally promoting, contacting and negotiating with real potential investors and companies. Do BG and PO even have the capacity, time and will to do this? Or the industry inside knowledge and contacts?

And these productions only raise more questions than they answer anyway. Why try to raise money for the- once again- long process of further exploration and defining targets- when there are targets already defined at Hay Mountain. If there suddenly were to be funds found- real drilling could be started immediately at HM- rather than expending it on interminable "exploration". Yes- drilling at HM is likely to have to go deeper- (in fact one of the things JB was always worried about was that with insufficient knowledge and understanding, BG might start drilling at HM but then give up before he got deep enough.) But at least real drilling to prove out a deposit would have begun-rather than more piddling around forever. And in the end there would more likely be positive results.

And where are the funds for even the mostly useless IP study to come from- I guess this was never accomplished- even though plans for it were announced years ago? And where is even the $750K to come from? BG can barely scrape together enough bucks to pay for claims and keep the lights on. And- where is the money for these promo's coming from- if available for this purpose- why not spend it on starting the exploration process they seem intent on doing. And- if there is an end to the new exploratory phase- before the drilling phase- who has the knowledge and expertise to properly interpret it all and develop a coherent drilling campaign. And what if- in the end- the findings show the same paltry and widely scattered deposits that all the previous investigators have found at RRC- with nothing that is commercially exploitable? A waste of time and money- if the funds will ever be found. Only then- will it be back to Hay Mountain?

We are going around and around in circles- and getting nowhere. And that's also where the PPS is headed- accurately reflecting this reality. 

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