Agoracom

Miloman,

What has happened in the past couple of months or so to drop the price from the mid twenties to .10?

Millrock backing out of Bonanza? No, it was already .10 when that happened. Lack of cash? No, that has been known for many months, even before mid twenties. I think the market has had enough stories of possibilities. That has been going on for years and I don't think it works any more. I believe to some extent at least, management has lost credibility. and it's going to take a "material" PR of something substantial to move this SP. There will have to be a JV with a company of some substance that has the resources to do the job properly up there at Big Chunk, maybe even with a little upfront cash, or some decent grades from one or more pipes in AZ.

If Big Chunk didn't have real possibilities, these "major" companies wouldn't be signing confidentiality agreements with them, so Big Chunk is a real possibility.

If the AZ pipes didn't have the potential, their JV partner, that employs experienced geologists, wouldn't be paying 100% of the drilling costs.

So, there are very good possibilities. We just have to wait and be fortunate enough for one of the above to materialize.

As for these new projects they have recently come up with, I don't have a clue of their worth. Obviously the markets aren't impressed because they did nothing for the SP. As I said, "they have had enough stories". stories will no longer move LBSU, it will take real news.