Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

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Message: 10K Annual Report is Out

I agree that there was nothing much new to be seen in the 10-K. And it was actually good to see that expenses have been paired somewhat, that some of the funding has been internally generated by the BOD and that the focus has been sharpened to HM. Some of the gloom and doom is the fairly standard boilerplate language and warnings in all 10-Ks- that we've all seen before- even like the - we might not be able to "continue as a going concern"- but in the case of LBSR it's actually true. But we all know that and it's no news flash that the company is generating no income but has expenses- and won't survive indefinitely if a deal for new funding is not achieved. Everybody already is aware of this risk. But in the case of LBSR- getting funding won't be just for the sake of survival- when it comes, LBSR will thrive and explode into an essentially new drilling and maybe even mining entity. In the short run, the mining is less important than the active exploration- since simply the prospect and process of proving resources will exponentially drive the PPS upward from its currently improved but still humble status. With the expectation and anticipation of that big funding deal being achieved, it is certainly possible that this slow and steady process of accumulation and PPS rise will continue and will be but a prelude to the big explosion upward when news finally comes- just like in the famous .19 run- but even better!

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