Agoracom

Krsdennis, you say Mr. Briscoe "changed horses in the middle of the stream" and imply that he did so for the warmer weather of Arizona (vs. Alaska). You also show some drilling results by Northern Dynasty for their Pebble project, and imply that Big Chunk may have something similar. Yet you conveniently left out the fact the the drilling LBSU did at Big Chunk came up with absolutely nothing. Look at this press release and note that even the "highlights" are dismal:

http://www.libertystaruranium.com/ex...

The bulk of Pebble is on a collapsed caldera rim, and the idea that there could be more mineralization along that rim is a possibility. But it's also a possibility that there will be nothing else along that rim. LBSU already did some drilling and found nothing. Yet you want them to continue that expensive process, when nothing has been found yet? I'd rather let other companies drill along their claims on the caldera rim. If they find something, that would validate the thought that the caldera rim contains more than just Pebble, and LBSU will still have their claim. If those other companies find nothing, then it was their money spent, not ours. Personally I think waiting is exactly the right strategy. Furthermore, even Pebble is not expected to start producing before 2016 at the earliest. Even if LBSU were to resume drilling immediately at Big Chunk, it probably wouldn't be producing from there until well after Pebble is producing. So what's the rush there for LBSU? Frankly I think the Bonanza Hills claims may be worth more than Big Chunk, as LBSU did have some interesting drill holes there. And they've JV'd that project out, so the drilling continues at no cost to LBSU. Smart, IMO.

I realize that you bought in to LBSU for the Big Chunk claims, thus you want that to be the priority. Frankly, I think you are very lucky that Briscoe changed the focus to uranium in Arizona, else the shares might be 2.8 cents each rather than 28 cents each. Imagine that if instead of staking those Arizona claims for Liberty Star, Briscoe had staked them for himself, and just let Liberty Star be about the Alaska properties only, how happy would you be about that? I wouldn't be invested here without the uranium claim, I can tell you that for sure. Drilling the Arizona claims seems to me to be much more cost effective than drilling at Big Chunk, with a faster production payoff possibility. And I like the idea of drilling at the defined breccia pipe targets, rather than the wide-open area of Big Chunk. As far as gold vs. uranium, look at the charts of the two. Gold has gone up about 3 fold since 2000, while uranium is up about 8 fold in that same period. So the concept that we should "take advantage of high gold prices now" ignores the idea of taking advantage of high uranium prices first.

The Wrigley company originally made soap, then switched to baking soda, then switched to chewing gum. I suppose there were some disgruntled investors back then who were unhappy about the switch from the "original business". But the move to chewing gum worked out pretty well for all. The company saw a better opportunity for all and made the switch.

As to how many shares I have, I don't think that's relevant. I will just say that my stake is several times larger than your 71k share holding. But that doesn't mean my opinion here is several times more valid than yours, or that my committment is several times stronger. Overall my LBSU holdings represent a little over 6% of my total net worth (all assets, including stocks, real estate, autos, etc.). I'm 49, have made a pretty decent income over the years, and have saved and invested well over that time. So that 6+% stake in LBSU is substantial, but perhaps your stake is an even greater percentage of your net worth. It really shouldn't effect your decision about staying in LBSU, but I do feel very strongly about being in the stock. I'm prepared to lose that money if LBSU finds nothing in Arizona, but clearly I don't want to lose 6% of my net worth. That would hurt. Yet I think the payoff can be great, I like what Briscoe is doing, I like the opportunity, so I'm willing to take the chance. If however you aren't happy with the direction, you can decide what's best for you, selling the shares, or keeping them and continuing to complain about how they "should be doing" something else. Good luck.