NORTHERN SUN MINING CORP LBEFF

Potential

[victor2009]

The bashers are all attempting to set up the scenario that if the Q1 statements, that will be released within the week, indicate that there has been more operating credit used, or that debt has been unpaid, it indicates a financial problem for LBE.

Curiously these comments all come from "experts" (including those using different aliases on the other forum) that chose ISM as a much superior company to invest in. Now that their fantasies of ISM becoming a huge market success have been shattered, their reason for being is their hopes and dreams that those who chose LBE suffer the same fate. They are in for another disappointment.

Assessing the financial planning and results of a company in the process of converting property proven as economically viable reserves, to a profitable producing level, involves some common sense and insight that these bashers don't possess. Their whining about LBE using available credit to bring their mining output to mill capacity level, is nonsensical. By using credit LBE is likely a month away from 1800 tpd mill numbers. At these volumes, forecasts by Legend indicate possible cash flows of $5 million a month. So what should LBE management do - reduce expenditures and delay the date the mill is operating at optimum? That would sure make sense, wouldn't it? LBE is spending money developing a profitable mining operation. Its not wasting money, trying to stumble on the correct way of doing a spin-out, that may or may not be beneficial. Or spending shareholders' money on an investment relations program that fails to answer phone calls or emails from shareholders.

These bashers remind me of a bunch of passengers in a rudderless ferry going in circles out in a bay. Their captain is trying split the craft in half, thinking maybe two parts will get somewhere that he couldn't reach with the whole ferry.  And when that leadership fiasco goes on, the stranded passengers are sitting around trying to convince each other that they're better off than those guys who decided to go by plane. That plane that's just getting finished fueling and will soon be taking off - right over top of their sinking ferry. There's still one glimmer of hope for the stranded passengers - maybe that sick whale that's been following the ferry can entertain them with another 180 flip.