nmaycock,
I'll bet your short this stock. You obviously didn't read the NR. Tom's money isn't being used on the CEO's property because no money changed hands. LBSU has almost 3 years to spend $175,000 on the properties, however if they can find a JV partner to do it they are in a couple of good deals for absolutely zero. If they can't find the partner they can back out at no cost. Not too shabby a deal, eh? I'll take all those I can get!!!! In the meantime, they continue to drill the pipes in AZ. Based on past history plus their own proprietary exploratory work they fully expect to hit economic grades of U. Big Chunk can be a big plus down the road. LBSU was over $2.00 just on that alone. I like the work they have done and how Briscoe has handled things especially the share structure. I believe it will pay off down the road.
