The "run-a-way freight train" of gold and silver prices, I fear, add another block to interest in Hay Mountain. Combining that with the gross ill-preparedness and lack of talent among the usurpers of control at the top of LBSR almost ensures its coming failure. Miracles can happen, but it appears such is becoming less likely with each passing day as the CEO and Chair of the Board concentrate on their unrelated day jobs.
This time around, global inflationary pressures are much less likely to accelerate economic growth quite like they did in past, and more likely to force investors into monetary safe havens. That is likely to mean less investment in base metals and more in gold and silver than has been seen during inflationary times of the past. I could be wrong, of course, but I will not take the time and space here to explain why "It really is different this time".
I see only what will become ruinous inflation followed by economic collapse as the eventual outcome - though I pray that I will be proven wrong. If I am correct, this could take quite some period of time to unfold completely and copper will be needed in the interim. However, mining investment going forward will be concentrating on precious metals, and most particularly on gold and silver, IMO.
Speculative investments in "blind" copper targets like LBSR's Hay Mountain project will be finding less and less interest going forward. That being the case, I have been and will continue redeploying holdings in LBSR, keeping only a small fraction as a "just in case", and because I foolishly still hold some level of an emotional vested interest after following this company so closely for so many years. Thank goodness I bought more, perhaps foolishly, at historical lows so have decent profits in three of five accounts I manage.
This is a round-about way of saying that I will be abandoning further "care and maintenance" of this board until there is substantive news available for discussion, unlike all of those other company releases that we have seen these last 20 or so months (including those that capitalize on work actually commenced by the previous CEO without giving credit to him).
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