NORTHERN SUN MINING CORP LBEFF

AGM Presentation on website

[victor2009]

LBE continues its record of excellent and prompt investor communications. The AGM presentation is on the website at https://www.libertymines.com/Presentations/Annual%20Meeting%202010.pdf

A nice recap of accomplishments to date, and future plans and potential. Some of the commentary I liked:

- Mining and milling cost per tonne targeted to average $58/tonne over the last half of 2010 which is in the bottom quartile of world producers.

- Repayments to Jilin Jien: Repayment of loans schedule confirmed confirmed, and plan to begin redemption of preferred shares - along with reference to JJ's public statement that they supported the share redemption program.

- Feed for the Redstone nickel concentrator for 5years+ at an annual rate of 600,000 tonnes

- Excellent potential to increase Hart tonnage, plus production from lower half of Redstone mine

- Possibility of Groves extending Redstone production or provide a second revenue stream through direct feed to Xstrata

- And the possibility of another revenue stream from the McAra/Ray cobalt resource

and last but not least:

- On target to be a mid-tier producer of nickel by the end of 2010

Its nice to be back to the stage of optimism and looking to future growth potential, as we were before the set back from the global financial and commodity crisis. With the continued management guidance that persevered during those times, when others would have failed or given up, the potential for this company is exciting. The difference between then and now - now LBE has achieved the goal of having a profitable nickel production operation - then it was still dealing with the final approvals and financial requirements.

[rocksolid47]

What a joke, I don't believe a single thing these guys say and wth good reason...lolRocksolid

[victor2009]

Rocky,You say: "What a joke, I don't believe a single thing these guys say and wth good reason...lol"Man, you're really losing it. First you sign your posts with the wrong alias. Now you're getting mixed up on which forum you're addressing.Hurts, doesn't it Rocky.

[rocksolid47]

Heh Millwright alias VictorIt is so much fun changing up signatures and watching you guys lose it. I think I will continue cause it works everytime. At least your consistent.There is no way this company (now owned by Jilin Jien) will every make money. You are a book keeper you should know better.Rocksolid

[victor2009]

Rocky,You have the same spelling deficiencies as drillbit and trailorparkboy, it isn't just your inability to keep your aliases straight that shows you up for the fake you are. Your deficiency even shows up in your EB Farnum posts on the "other forum".  You're only fooling yourself Rocky, if you think everyone doesn't see through your multi alias game.As I pointed out on

[trailorparkboy]

Rocky, Rocky, RockyYou know how simple these guys are;  why do you torment them? Say whats with these guys starting up the battle "again"? There was a reletive peace for a while. I guess they must have some real bad news comming again.trailorparkboy

[victor2009]

Rocky,This isn't a battle, its not even a fair fight. LBE is building and growing. ISM is trying figure out what to do with its failed Langmuir experiment, so it can start all over again with a new property. One of these years they'll give you an update on how that's going - in the meantime, you can get all excited about some results from 24 years ago, when the last outfit spent their

[rocksolid47]

Millwright Keep dreaming like LBE actually owns the company still...It doesn't  I have heard a whole bunch of promises and time lines come and go. This will be no different for LBE. Long on promises, short on delivery. And good luck paying off the debt by year end on less than 9 dollar Nickel..lolWhen all else fails turn on the sunshine pump!...heard it all beforeRocksolid

[victor2009]

Rocky,You say: "Keep dreaming like LBE actually owns the company still...It doesn't  "What kind of a nitwit are you? LBE actually owns the company? LBE is the company, you fool!  I've heard a whole bunch of promises, too.  - LBE will develop producing mines. Done- LBE will build state of the art mill. Done- LBE will become profitable producing mining company

[trailorparkboy]

Millwright,You need a reality check so I will answer you questions.What kind of a nitwit are you? LBE actually owns the company? LBE is the company, you fool!  Jilin Jien owns 51% of LBE outright by taking newly issued stock in lieu of debt. They will take more eventually (May 25, 2011 is D day)- LBE will develop producing mines. Will develop producing mines is not the same as "is"

[Nickel77]

Trailorparkboy, “good luck with current Nickel prices”. If you don’t think Ni prices are decent at $ 8.50, I guess you must also be admitting that ISM is hooped when it comes to their own ‘company maker’ Langmuir Properties.  Didn’t the Micon Resource Report base their findings on 8.00 dollar Ni, as long as ISM builds their own Mill and shows a much higher average grade? In my

[victor2009]

Rocky,I know you have a bit of a problem with English, but as I admire people who do attempt to use a second language, I'll explain.1. You said "Keep dreaming like LBE actually owns the company still...It doesn't." I asked what kind of a nitwit you were, saying LBE doesn't own LBE. Maybe you could explain what you meant that LBE doesn't own the company - doesn

[trailorparkboy]

Millwright,You can spin it all you want but the market is valuing it otherwise. (closed @ 18 cents) You guys pumped it so hard that no one who is aware of this debacle would touch it. The Chinese own LBE now, time to get over it and they got it cheep because the management doesn't know how & when to employ capital.How does it feel to the the instrument of your own ruin?  You would

[victor2009]

Rocky,What the market has done is shown you for the fool you are. In your hopes of ISM ending up with LBE property on the cheap, you were busy bashing LBE when the global financial crisis and commodity crunch caused LBE (and many other companies) financial problems. You (and some other shills) were busy telling anyone you could, that LBE would not get financing and would be in bankruptcy.You

[JohnEStromJr]

victor2009,A more important topic might be the advantages or disadvantages of a company being owned [over 50%] by one investor and what the benefits are to enhancing share price.  When a single entity owns the majority of the company it literally kills the share price [or certainly can] as it removes any excitement to invest.  If we could only convince Jilin Jien of that.  Otherwise

[victor2009]

JohnEStromJr,In my opinion there is no more important topic than LBE converting their nickel reserves to cash as efficiently and quickly as possible.Discussing the advantages and disadvantages of the company being controlled by a 51% shareholder may make for an interesting conversation, but it will not alter reality. Under the circumstances at the time that Jilin Jien became involved, it was not

[JohnEStromJr]

victor2009,I would agree with your post.  That said, ISM is not relevant to LBE - other than its proximity to LBE's own property in Langmuir and it would be great to drop the war going on. Clearly LBE was the winner - sort of.

[victor2009]

JohnEStromJr,I agree that ISM is not relevant to LBE. There may be some relevance in the proximity of the companies' properties, however at this point I see none. I also agree that if there was a contest between the success of the two companies, both on results and methods, LBE is the clear winner - and the clearness and decisiveness will become more evident as time goes on.The "war

[Sleddawg63]

I would disagree that having JJ as a majority owner is a bad thing.  He's obviously not only looking to salvage his investment by making a deal to save the company, but I am sure he's also looking to make a profit on his investment.  (rising tide raises all ships) I hold a relatively small position and have long understood that developing companies majority owned by one person

[JohnEStromJr]

victor2009,With all due respect we aren't interested in the war going on between you and a handful of ISM people. Why not just drop it and not respond to them?

[victor2009]

JohnEStromJr,You say "we" are not interested in what you referred to as a war.  I don't know who all you speak for, but your lack of interest is a choice to which you, and those you represent, are entitled.  Just as it is my choice to respond to anyone I choose, within the rules established. I choose not to be intimidated by the likes of those I described, on this

[JohnEStromJr]

victor2009,Yours is a war that will never be won.   Why not call a truce andquit attacking ISM?   As for the 'we', I don't know of anyone who enjoysthe serve and volley of your three year war against ISM.  It's gotten rather lame.  There was atime when you had a valid point but that time has long since gone.  Just myopinion, your mileage may vary.

[westernkid]

JohneE...I purchased a few share in LBE about 4 years (or so) ago.If my memory serves me correctly...the GOONS from ISM havedone nothing but lamb blast LBE for years. They ignored allthe advice that their managers were not the best and thattheir "exploratory goals' were not being achieved. But they continued to assalt LBE's management just despite.You probable already know all

[victor2009]

JohnEStromJr,Your post involves two topics. I'll answer the first at this time.You say "Yours is a war that will never be won".  There is some wisdom in the saying "never say never", but I'll go beyond that.When making a statement assuming that you are fully informed, you often come to the wrong conclusion, when in fact you are much less than fully informed

[victor2009]

JohnEStromJr,Now for the second topic in your recent post, you say: "As for your nemesis,  "rocksolid"  he's pretty much dead on about Jilin Jien doesn't need to show a profit"First of all, Rocky is no one's nemesis - unless there is a different meaning than I take from the term.You share Rocky's belief that Jilin Jien doesn't need to show a profit

[JohnEStromJr]

victor2009,You're going to have to figure that one out for yourself.   If you can't that's your hard luck.

[victor2009]

JohnEStromJr,Rocksolid says: "Jilin Jien doesn't need to show a profit".You say: ".."rocksolid"  he's pretty much dead on about Jilin Jien doesn't need to show a profit."I ask  what you see as "dead on" about that logic, and all you can come up with is: "You're going to have to figure that one out for yourself.  

[JohnEStromJr]

victor2009,I would have thought you could have figured it out.  Spare me your little put-downs and sarcasm already.   Have you read the FULL agreement between Jilin Jien and Liberty Mines?  Do you know what's in it?  I don't know either, nor, I'm guessing does anyone else.  Insiders are privy to the deal but small shareholders are not.  That's why they

[victor2009]

JohnEStromJr,You say: "I would have thought you could have figured it out"Figured what out? If you are referring to figuring out your thinking in supporting Rocky's inane statement, as I said I have no interest in figuring out the motives or flawed reasoning that resulted in your support. You don't seem to want to explain what possessed you to support his claim. I am not

[trailorparkboy]

Millwright aka Victor John is right. Being a book keeper you should have figured it out. The only conclusion someone could come to is either you are lying out right or your had too much of the purple kool-aid. (I think a bit of both, but mostly lies).trailorparkboy

[rocksolid47]

Trailorparkboy,Yeah and I am wondering what happened to Victors vision of glory when he said the market will start recognising this stock. I think it has and is at 17 cents with further down to go.rocksolid

[trailorparkboy]

Rocky,You watch, he will say this is a buying opportunity. He talked it up all the way down...loltrailorparkboy

[victor2009]

Rocky,John agreed with you, on your statement that Jilin Jien is "interested in getting Nickel so they don't really care if LBE makes money or not". This was a statement of a fool, and you have been unable to back it up by explaining how Jilin Jien is getting Nickel from their involvement with LBE. The fact that John agreed with you doesn't make your statement any less foolish

[trailorparkboy]

Wrong again Millwright aka VictorThey want the Nickel, your the fool!trailorparkboy

[victor2009]

Rocky,You say "They want the Nickel, your the fool!"Just a little tip - if you are wanting to call someone a fool, it backfires when you don't know the difference between your and you're. You're shooting yourself in your foot. Anyway, if they want the nickel, why this news release?Jilin Jien Nickel Industry Co.,Ltd. ("JJNICL"), Liberty's strategic partner and

[rocksolid47]

Millwright aka VictorYeah it does kinda hurt watching you try the spin job and pawn your stock off on new unsuspecting people. I sold out of this pig long ago and took my lumps then. So you still believe in fairy tales eh?  There was a time when LBE said they would be paying dividends soon. I guess it comes down to whether one should believe anything these guys say….not! Jilin Jien calls

[JohnEStromJr]

victor2009,Then tell us why has the stock done so poorly of late.   It's not been due [entirely] to the price of nickel as that has remained pretty resilient.  Yes the economy  IS in the crapper and will probably stay that way - likely for years to come.The problem for LBE shareholders is that there is no excitement over LBE , due in part to essentially one company owning it

[JohnEStromJr]

victor2009,Then tell us WHY the stock share price is where it was one year ago when we were not trading due to our financial condition and before we got bailed out by Jilin Jien.   Exactly where it was.   Since then McWatters is reaching full production and the price of nickel has made a bit of a rebound.  Lots of good news, minimal  bad and here we sit.The fact is, Rocky

[legend7]

Welcome back Johnny!!I noticed your first few posts were ok so I didn't make a comment on them but now you are getting back to your old cynical ways not too surprising. Again you are questioning JJ about not being on the up and up and that they already have 85% controlling interest?? You sure don't know much about the trading regulations they would have to publicly disclose if they

[victor2009]

JohnEStromJr,You refuse to explain what possessed you to support Rocky's claim. And it doesn't seem to have registered with you that I am not about to waste my time in a debate with someone who makes claims and is unwilling to explain his reasoning. You keep asking me to give my opinions on some of your other peeves, and while it is tempting to take a run at

[victor2009]

legend7,The LBE share price is disappointing to some extent, I think we are impatient knowing that LBE has reached the production levels required for profitability, but the market has not recognized it. However, many LBE supporters have realized that the general market is likely going to have to see the potential on paper (a quarterly financial statement) to accept what the supporters have

[rocksolid47]

Millwright aka Victor What a load of crap “as usual”. I guess if I was holding as much of this pig as you I would be trying to pump it up as well. You don’t even seem to recognize you don’t own LBE any more. The Peoples Republic of China does. It is an interesting trait of liars that when smacked in the face, they like to explain & explain & explain themselves. The more they talk

[JohnEStromJr]

legend7,Perhaps you're right about having to disclose if they buy over a certain amount of stock but the reality is they now own 51%.  Do you agree so far?   They also have the right to purchase additional shares that represent roughly the same total number of currently outstanding shares.  They are in SOLE control of that.  They have stated they don't intend 

[JohnEStromJr]

victor2009  I don't ever NEED to explain myself to you.  Nor do I have to justify my comments to you.  You are entitled to your opinion and I am entitled to mine.  If you don't like what I post - tough.   Then don't respond.  All I've heard from you for over three years are attacks on ISM and anyone you take a dislike to.   What  I&

[JohnEStromJr]

Au Contraire Victor2009 / Millright Here's a one year chart on LBE. Cut and paste into your browser's address line and you will see, as I pointed out in my post that you take umbrage with that this stock is exactly to the penny where it was when we were NOT trading. It was .17 per share then and it's .17 now. Not too impressive. As I indicated, there is nothing to drive this stock

[Sleddawg63]

I shouldn't really get in the middle of this "war" that's going on, but volumes have been crap for stocks like these lately.  Combination of G20, holidays and downward turn of the overall market.  And when volumes are low then expect a strong tendency for prices to slip.  Stocks need buyers...because holders of stock get impatient and bail all too frequently.JMHO.

[victor2009]

Sladdawg63,You don't have to get in the middle of the "war", there are readers other than those involved in the "war", that I'm sure will appreciate your comments. Personally, I think your points have been valid and worth adding.

[rocksolid47]

JohnE,Millwright aka Victor has the emotional maturity of a 6 year old.  All he does is sit in his office and dream up ever more bizarre things to say. I know a guy who saw this clown at a LBE meeting. He looked like a perfectly miserable human being and that his demeanour was similar to his posting. (Immature & hostile)Rocksolid

[victor2009]

Junior,You are right, you don't ever NEED to explain yourself to me, nor justify your comments to me. I've noticed that you have chosen this right, to avoid the requirement and courage to defend some of your weird claims. However, don't bother telling me not to respond to your nonsense and whining - that's a right you DO NOT have.As you feel qualified to tell me to get over

[victor2009]

Rocky,I see the co-op has loaned the password out to the shill that can spell and use the font that isn't available on Stockhouse.Well shill, your information in this post is just as reliable as the information you used to pump ISM - no truth whatsoever. You see, shill, I have not attended a LBE meeting. Did this guy that sees clowns drive in from Fort Saskatchewan or just run over

[rocksolid47]

Millwright aka VictorYou sure like to hear yourself talk.. A man trying to justify his own foolish behavior with longer and longer rants of basically nothing. Now your insulting JohnE because you can't argue the facts with him. It ain't working man, your busted.Why don't your try being an author, perhaps the Enquirer. RocksolidPS LBE "is" the primary shareholder no matter

[trailorparkboy]

Rocky,The guy sure is a buffoon. I think JohnE laid it out pretty well. The numbers work..he is right & you are right. Millwright aka Victor is living in some sort of dreamland where rabbits get pulled from hats and 51% single ownership is a great thing and Jilin Jien cares about the shareholders. What a clown.AND everyone knows who he is.trailorparkboy

[victor2009]

Rocky,I see the illiterate one got the co-op password back.You say: "your busted", you're busted Rocky.and "PS LBE "is" the primary shareholder no matter which universe yoy live in. "And maybe you could explain this gem of wisdom - that ABC check button would have picked out the yoy - but what is the point of your comment?By the way, that was a quick font change

[trailorparkboy]

Millwright aka Victor,Jilin jien still owns 51% of LBE which will turn into 80%+, which will turn into a private company. They just have sit around, collect their Nickel and wait till the debt is not paid off. They then wait till the share price is sitting around 10 cents then and make their move...done like dinnertrailorparkboyha ha ha ha ....loser

[victor2009]

Rocky,Jilin Jien does own 51% of LBE. They bought the 51% at market price when they provided LBE with the financing required to pay off term debt and carry on with its plans to grow the company to a profitable mid tier nickel producer. They are receiving a fair return on the preferred shares and loan capital, and LBE is operating under financing terms that are more suitable than they could have