NORTHERN SUN MINING CORP LBEFF

Soft Bashing

[victor2009]

It looks like the efforts of a couple of what whaler would call soft bashers, haven't fooled anyone on the "other forum". traps7 and legend7 have shown some leadership and put tantallon and his worshipper EB Farnum in their place. 

tantallon used some selective bias to try and use an obvious media misquote of Gary Nash. He pretends to be sincere, saying "...a comment made to the public by the CEO of the Company would be much more accurate and reliable..."  But tantallon showed his true colors because he also said, that he thought the $7 misquote did not include all costs. He commented:" That tells me that is mining and milling. Not the overhead of administration, debt interest etc etc."

In the article he was quoting it clearly stated that Gary Nash said Liberty could make money at $7, so if he was trying to portray that comments in the article would be accurate - why did he overlook the fact that Gary Nash said LBE could make money (that implies covering administration, etc, etc) at $7.

The truth is tantallon and EB Farnum are showing a little frustration and envy over the direction LBE is taking, versus their selection - ISM. This is understandable, as there is much to envy in LBE's current situation. LBE has put its dark days (dark days that hit many companies) behind it, and is about to demonstrate once again that it has the management and the will to set progressive goals and what's even more important - meet those goals. With all the problems that LBE faced during the financial crisis, supporters may forget the positives that brought this company through the crisis and will continue to benefit the company as it moves on to its goal of being a profitable mid tier Nickel producer.

The one thing LBE needed was financing support. The financial downturn couldn't have come at a worse time - in the middle of the development phase, just before production cash flow. The support came from Jilin Jien, and it came because of JJ's past dealings with LBE management and JJ's knowledge of what LBE had going for it, if given a chance. This included good prospective properties, a state of the art mill designed specifically for the area and a proven and capable leader. With JJ's financial input, the assets LBE had before the financial crisis are still in place and are about to demonstrate what they can do.

Supporters should do like Traps7 and Legend7, and put naysayers like tantallon and others in their place. It isn't necessary to engage them in arguments, just put their comments in perspective and consider the source. These self appointed "experts" had a look at two companies a while back, with the same facts available to them as you had. They selected ISM as their choice to warrant their investment dollar. So how much credibility does that give them as knowledgeable commentators - when you look at the two companies today? Not much, in my opinion.

There was a time, when the two companies made for some interesting debate - they were opposites in so many ways. But those times are close to being over, if they're not already over. LBE is on the verge of meeting some more milestones and moving on to a higher level. In my opinion, ISM is headed the other way, to add to a string of failures, and split up into two or three insignificant pieces. Its got to the point where its demeaning to mention ISM when assessing LBE - they're not in the same league. We should be looking for some producing companies to compare to LBE - compare production costs, administration cost efficiency with some producers - compare apples with apples.

LBE won the "contest" with ISM, and has moved on - that game is over. LBE out-explored, out-developed, out-mined, out-milled, out-managed and generally out-manoeuvered ISM. So lets quit paying any attention to sour grapes from the "experts" that picked the losers. Lets get back to talking about what LBE is going to do next.

[trailorparkboy]

Victor,Another 8 paragraph load of BS. There is something seriously wrong with you. Try reading it back to yourself, or better yet, read it to your clients and get their perspective.trailorparkboy

[victor2009]

trailorparkboy,Its quite the group you guys have put together. You being a reincarnation of drillbit, who spells Voise Bay and few other words with the same spelling errors as rocksolid47. And strange as it may be the chap who pumps on ISM and dumps on LBE over on the "other Forum" - EB Farnum, also spells the same words wrong. You're the same guy as that wolfie that signed the

[rocksolid47]

Victor,Interesting financial analysis if you still believe in the tooth fairy.Rocksolid

[victor2009]

Rocky,The financial analysis LBE shareholders are interested in is that which forecasts potential as a producing profitable mine, a milestone that will be reached maybe in May? - for sure in the second half of 2010. This company is a company with independently confirmed Ni reserves that are economically viable. You don't have to believe in the tooth fairy when you're selling your reserves

[westernkid]

Victor2009...Great Post. Your thinking and planning for the future are far ahead ofmost other posters on this board!This hockey like game is about over. The home team is showing why it gained home team advantage. Better now to move on to the next series. Let the Loosers go home with their broken hopes. The Winner will continue on to make more money. The Losers will

[lindbeck]

Thanks for those comments Victor. I'm sure I speak for most shareholders here that are in the opinion of having our glasses half full, not half empty. If there's folks out there who are negative, like Michael Jackson sang, "Beat it!"