NORTHERN SUN MINING CORP LBEFF

RE: Shareholders (off Topic)

[victor2009]

Toronto4life,

The bickering goes back before my time, and I seldom post on this forum.

But its interesting you should join Stockhouse today. We're just having a discussion about another Timmins company, and perhaps you could help us out on a financial statement question. The other company is in a much better cash position than Liberty, but there's a difference on what is classified as "cash" on a balance sheet. Could we have your guidance. Here's the Balance Sheet:

What would you say is the cash amount at Dec 31 and Sep 30?

Thanks.

INSPIRATION MINING CORPORATION
INTERIM CONSOLIDATED BALANCE SHEETS
(EXPRESSED IN CANADIAN DOLLARS)
(UNAUDITED)
	December 31		September 30
	2009		2009
ASSETS
Current assets
Cash and cash equivalents	14,653,391		18,647,131
Short-term investments (Note 5)	2,624,375		2,619,204
Marketable securities (Note 6)	2,849,935		2,660,025
Receivables (Note 7)	22,438		188,177
Prepaid expenses	88,165		21,128
Loan receivable (Note 8)	6,142,408		722,331
Note receivable	75,000		-
	26,455,712		24,857,996
Mineral property held for sale (Note 10)	-		638,156
Mineral properties (Schedule and Note 11)	27,636,321		24,754,377
	$54,092,033		$50,250,529
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities	628,557		417,113
Due to related parties	15,024		21,369
	643,581		438,482
Future income tax liability	3,526,357		3,523,757
	4,169,938		3,962,239
Non-controlling interest	2,153,256		-
Shareholders' equity (Statement)	47,768,839		46,288,290
	$54,092,033		$50,250,529
Nature and continuance of operations (Note 1)
Commitment (Note 17)
Contingency (Note 18)
Subsequent event (Note 20)
On behalf of the Board:
"D. Randall Miller" Director
"James E. Davis" Director