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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Bullboard Posts
Comment by Stockpilezon Jan 22, 2007 9:52am
243 Views
Post# 12062712

RE: ISM and FNI kicking

RE: ISM and FNI kicking"LBE still has a 50% larger MCAP than FNI. With grades like 3,3% over 100m the MCAP should be larger than LBE. LBE has micro deposits with low grades. Sorry to say boys.Go with FNI now, switch over to some LBE during spring." "Micro deposits with Low grades"? is FNI's 1.36% somehow higher than LBE's 3.3%? According to the information that I've pulled from the websites of LBE and FNI: FNI: 1.59 Million Tonnes @ 1.36% Ni 93,675,715 Outstanding Shares =0.50 LB Ni per Share LBE: 1.4 Million Tonnes @ 3.3% Ni 45,385,654 Outstanding Shares =2.24 LB Ni per Share Correct me if I'm wrong, I may be missing something, but it looks me as though Liberty has twice the amount of resource and half the number of shares. There's also the added perk of the lower overall cost of mining LBE's higher grade ore, and milling it in their own facility. LBE looks like the clear choice to me.
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