We may question Brett's decision to buy a new Nitron XRF, but I believe that he made a smart decision because LBSR would still have to make the $155,000 payment without having anything to show for it...the $40,000 was deducted from the $155,000 assessment. Smart decision Brett!!!

''the Company must maintain and secure access to its primary mineral holdings.  Maintenance of current holdings demands performance of over $155,000 in annual assessment work, or cash payment of the assessment value.  Of course, it is far more beneficial to perform assessment work that adds to knowledge of the mineral content of our properties than to simply make cash assessment outlays.  That is why the Company replaced the obsolete and failing Niton XRF instrument with a new, more functional model to continue surface geochemical surveys in conjunction with additional biogeochemical sampling."