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Liberty Star Uranium & Metals > Message
Agoraa

Re: Explanation for 'transfer' to JV

Posted by: AGORACOM on February 07, 2008 04:28PM

In response to: Explanation for 'transfer' ... by geoglow

Dear "geoglow"

Thank you for your patience. Liberty Star management has provided a response to your initial question.

The Helvia and Hafsa pipe targets are within the Elle JV project boundary. The Board views the transfer of the Neola, Hafsa and Helvia as upholding the underlying meaning of the JV agreement with XState Resources.

With the transfer of the pipe targets, comes a release of JV dollars directly into the current drilling program. We believe it is in the best interest of shareholder value to be known as a company that will do what we said we would and increase the prosperity of it's JV partners, along with our own.

We believe it would be unethical to transfer less than our best targets to our Joint Venture partners whom ever they might be.

We are looking for an early success and believe that XState will bring more money to the table if we are successful. We have many many Pipes. Our success ratio could range between 15 to 60 or more. We are not betting on just three but many.

As always we encourage constructive dialogue regarding the company and we suggest you monitor this site regularly for news and updates.

Sincerely

AGORACOM Investor Relations

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