NORTHERN SUN MINING CORP LBEFF

Two strange days

[Original_Braila]

Let me first say that the canadian market seems to be moving a little bit different than the European markets currently. I do not notice this weakness in swedish resource stocks. I own alot of Liberty stocks, because I think nickel is fundamentally superior to any other metals the coming 18 months and because I think Liberty is the cheapest one by far on a cashflow and even more future 12 months cashflow basis. At todays nickelprices of 12,5 usd we are looking at a valuation p/cf below one next summer. Well worth to remember days like these. Another nice little exercise to do is to calculate what coppervalue in percetage terms that the nickel (2,6%) compare with. Answer about 10%... add to that some 2-3 grams of precious metalls and you see why it would be really nice with a good drilling result. Still the stock is to illiquid which caused wild swings these two days. If you throw a small sell order of say 50 000 stocks, the share price will move 5-10% down in bad market. As some of you have described, that causes interesting opportunities. Especially since we are only one week from increased focus on the company when Liberty will present itself as Canadas new nickelproducer at two exhibitions, a subject that should cause interest. I really wish I could be there, but at least I will have an interesting week too, since I will listen to the management of Tara Gold (TRGD) in Stockholm next week.