NORTHERN SUN MINING CORP LBEFF

An Up Day

[angler21]

Dont tell anyone ok!! We finally ended the day up $0.07. That was a really nice feeling. Glad to hear the outlook for Ni is better. Our cost is $5 so we have a little margin but it must be affecting others. Now, when I want to find out about Lbe I go over to ISM. I found TexasTea20s post very interesting. A 43-101 is the real proof for a mine. It is funny - I think of Lbe as being an exploration company that is concurrently preparing for production. Permits are in place and in 1 year we are in full production. ISM is going the route of drilling - resource - feasibility study - environmental permit - order equipment - production. With the JINLI loan we were able to do concurrent exploration, permitting, building, chase material - production. Two different methods of production. We are being penalized now because originally we thought we would be in full production but really we reflect many of the characteristics of an exploration property. Yes we have had a fall back in price but many companies have had. The fall in Ni at the LME affected our ability to generate as much profit as we wanted to and thus we had to spin off more shares. Lbe sounds like a pretty normal story to me. Just a sign of the times. Anyway - glad we had an up day. The 43-101s that we are waiting for now will soon give credence to our resource.