This is for discussion purposes and by no means am I saying I know what I am talking about. But I have thought about who does and does not invest in LBSR. I'd say about 1 in 8 people I tell about it end up buying some shares. I don't think most people want to take the risk. However--and this is oversimpllifying--but JV or PP news which would most likely bring a new level of investor that is risk tolerant enough to buy if there is that next step of funding and drilling.

I think a second group that is comprised of those who pay a lot of attention to penny stock websites, mining sites and even watch Kitco. Some of these people are more daytraders and flippers who buy on charts and if they see buy signal based on charting.

And finally, there may be some sort of buying by people who are familiar with LBSR and have been paying attention. Could be a geologist's sister or a JB contact on LinkedIn or a friend of a long-time investor.

I spend far too much time thinking about this, especially considering I have no idea that my thoughts reflect what will happen in real life. I do think LBSR will succeed, I just hope it is soon.