NORTHERN SUN MINING CORP LBEFF

Still a long wway to go

[Paidmydues]

The earlier Salman targets were based on higher nickel prices, grades and more near term earnings. They also assumed, as did most of this board and LBE's board, that the mill would be way cheaper and done much faster than it has been and that Hart would magically have a big resource appear. Obviously, Salman were not placing clients near the all time high so they could lose money, but that's how it goes some times. I think the reason the Coffin brothers had a sell on it three months ago was that they have experience and could see the mill was going to be alot more expensive - and they used to follow the company that had Hart and just didn't see the resource. Running 2-400 tonnes through a mill built for 1500 is rarely going to be a big money maker. They had no problem with Gary - thought he was really smart and really ethical. But that doesn't make him a mining engineer of give him x-ray vision when it comes to what's undergound. I think a deal with Golden Chalice would be great for both of them. More high grade, and I don't see GCR getting anywhere by themselves. Be surprised if Gary hasn't talked to them and they would be nuts not to take a deal.