NORTHERN SUN MINING CORP LBEFF

RE: Financing

[angler21]

The Rate of Exchange is not helping us either. Our costs are in $Cdn and we sell Ni in $US. Where we used to pay $1.30 for $1.00 US at par it is now like a drop in value for Ni over and above the drop in Ni re the LIME rate (pardon the spelling). To make our company a serious contender we needed to increase our resource base (costs money) and to increase our production (McWatters ramp etc to high grade stuff). If bank finance in good terms was not available and this solution was - are you better to wait for the cash or move the project forward. Me, sometimes reality is not so pretty but we are not walking in his shoes and I believe his actions are in Libertys best interest.