Liberty Star Uranium & Metals Corp.

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Message: Re: Podcast

Mar 21, 2022 08:52AM

Mar 21, 2022 10:28AM

Mar 21, 2022 02:28PM

Mar 21, 2022 03:09PM

"Then why no deal?"

 

Would that answer be . . . A) maybe touting RRC instead of Hay Mountain isn't really such a hot idea after all B) maybe management- in the person of BG is inept at promoting and presenting any project- be it RRC or HM  C) maybe our neighbor surgeon rancher has been so offended by BG that there is no deal to access to the HM deposit- despite BG's claims of achieving great access  D) maybe BG can't bring himself to complete a project started by Jim Briscoe E) maybe our management has no idea what they are doing- or-   F) all of the above

But the specific details should be known. Did they use up all the money trying to justify the RRC misadventure with their ill advised IP study? We know it is archaic, very expensive, labor intensive, time consuming- and- considered by most to be completely useless. This outdated technology has been discarded by most, but was touted as to be what was needed to delineate the RRC gold deposits in preparation for drilling. So- since then we have heard nothing. Was it ever even completed? If so- what were the results?- Or- did they not even have enough money to complete this ill-conceived study? Or was proposing to do it just an excuse for not getting drilling started?

And- again- why are we thinking about drilling at RRC in the first place- where the prospects are iffy at best- and where we don't even know where to drill- or even if there are any commercially viable deposits to justify drilling (which has been the conclusion of everyone else who has already looked at RRC)- instead of drilling the already precisely defined targets at Hay Mountain on a contiguous deposit that is thought be immense- and contiguous- as very acurately defined by ZTEM and other corroborating methods. Oh yeah- that was supposed to be because the POG has nearly doubled over the the past years- kind of like what has happened to the POC. ( Keep in mind- it doesn't really matter what the POG is if the deposits aren't organized in a contiguous, commercially recoverable configuration.)

Many questions- so few answers.

So much potential- so little to show for it.

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