NORTHERN SUN MINING CORP LBEFF

bonza

[ExSudburyGuy2]

Frankly I'd go with an analyst's projection, rather than someone on a bullboard claiming to having talked with the "company." Ray Goldie, an analyst at Salman Partners (who's been doing this for a while), has a cash flow from ops forecast of $81.7 million for next year, $52.2 million for '09 and $36.8 million for 2010. That gives an EPS of 65 cents next year, 40 cents in '09 and 24 cents in 2010. At a 5 times multiple, you're looking for a best case scenario of $3.25 a share next year, $2 in '09 and $1.20 in 2010. Any fund looking for a long term investment wouldn't look at Liberty with those numbers. Liberty is just going to have to find some more nickel and boost production, otherwise don't expect much of an improvement. Right now I'd say the company might provide opportunities for some relatively short term flips, where you could make a few bucks, but I sure as heck wouldn't have it in my RRSP as a long-term hold. The last part is JMHO of course.