NORTHERN SUN MINING CORP LBEFF

With LBE, reality is a good thing.

[victor2009]

There's a group of ISM supporters who are obsessed with spreading misleading innuendos regarding LBE. Their theories are nonsensical, and the only apparent reason for the bashing is to deflect attention away from the ISM reality, a company which appears to me to be uncertain of where it is going, and where it wants to go. One of the basher theories is that there is a problem with the finances of LBE.

LBE is in a strong financial position, as it has a majority shareholder that sees the potential and is willing to provide the short term financing required to bring the company to full production. Rather than fight for financing on the open market LBE is able to concentrate on bringing the properties to planned production levels, on schedule. Jilin Jien is fully aware of the needs and the ability to repay and has advanced funds and extended terms accordingly. The relatively small advances are "peanuts", relative to the potential cash flow when the mill reaches capacity. The projected cash flow, sweetened by higher than expected Ni prices will allow LBE to eliminate the debt and preferred shares advanced by JJ according to plan, or ahead of schedule.  The Ni price will also move forward the incentive and the required funds to expand exploration and development of existing and new targets.

What the bashers hold out as a problem - the short term advances and extensions - is actually a positive sign. Jilin Jien did not get where they are by throwing money at questionable projects. These financings are a vote of confidence that the projects are worthwhile and in the best interests of LBE.

The goings on at ISM has its few remaining pumpers so confused, the best they can come up with is some inane attacks on a neighbour that's organized and progressing - in hope of deflecting attention from the struggles at ISM. These pumpers have failed so miserably (one of them had dreams of pumping ISM up to $64.40!)  that they are becoming delusionary. They are fantacizing about LBE's imminent demise - when the fact is LBE will soon be announcing another series of milestones achieved in its business plan to become a profitable mid tier producer.

These characters are once again demonstrating their inability to assess mining companies. LBE is on the verge of reaching near capacity mill production, and these bashers fail to recognize the opportunity to participate at an entry level that will prove, in a short time, to be a real bargain.

LBE shareholders that have been waiting for their hopes to be fulfilled will soon be free of these bashers - they'll disappear, just like most of the pumpers disappeared on the ISM forum. I have seen no indication that LBE is not on schedule with its plans - that being the case, the company will be near milling capacity in the second half of the year. That means that one of these days we will get news on some of the milestones involved in this achievement. I'm convinced we will look back at today's market price as a bargain. The thing that's imminent in this company is the move up in share price, as the public becomes aware of the progress that has been made.

[rocksolid47]

Victor,Everything is about ISM with you, even when its not. Fact is LBE is in dire financial condition and is unkely to last out the year. It will belong to the Chinese shortly IMHO. I would think you would know how to read a financial statement.rocksolid

[victor2009]

rocksolid47,Everything is not about ISM with me, as you claim. I think ISM has a very weak future, and I'm not in the least interested in it. The only connection left, is that you insist on discussing LBE on the ISM forum, in an effort to deflect readers form the issues involved with ISM.Your statement that LBE will not last the year is ludicrous. Do you think a

[legend7]

Rocksolid, Are you really that dense or just hoping everyone else is??The finaincials from last year are a company in Care and Maintenance, then coming out of Care and Maintenance and then getting Mcwatters ready for full production which costs a lot of money...I didn't see any surprises in the financials and I am not concerned with then what so ever.  I can read a financial statement and

[victor2009]

legend7,I think you confused the bashers with reality - they are not used to looking at things in realistic terms - they're stumped for a reply. I found your numbers quite interesting. I had played with Q4 numbers for some idea on total revenue, and was a bit lower than your forecast - but Ni has increased since then. Wasn't sure what the latest numbers might be for costs.The thing that

[rocksolid47]

The financial report was a sow’s ear, not a silk purse. ....oinkroacksolid