NORTHERN SUN MINING CORP LBEFF

RE: Who cares

[angler21]

It is a great story I think. We have a mill that is able to handle more then we are producing right now. Redstone is being mined for some of our high grade ore which is allowing us to have a revenue stream come in while McWatters is being brought into production. McWatters was delayed in order to build to access the high grade ore sooner then was originally planned. The portal and alot of the infrastructure is now well on the way to being completed for a May start up. Its life is being proved up to being about 3 years. The mine that will replace it is the Hart deposit. Last years drilling was very successful and the most recent NR showed that the centre of the pod was a healthy 2% Ni at 400 metres. A drill is now going to be used to drill down to 700 metres which may prove some very nice results too. 3 Ni 43-101s should be coming out this year to prove up a very nice resource for our property. It has been a good year. Last year we listed on the TSX. The action of going on the TSX meant we had to be able to meet certain criteria. Liberty posted this awhile back: We had to be: i)Producing Mining Company b)proven and probable reserves to provide a mine life of at least 3 years, as calculated by an independent qualified person, together with evidence satisfactory to the Exchange indicating a reasonable likelihood of future profitability supported by a feasibility study or documented historical production ii) either be in production or have made a production decision on the qualifying project or mine referred to in a iii) sufficient funds to bring the mine into commercial production, adequate working capital to fund all budgeted capital expenditures and carry on the business and an appropriate capital structure. A management - prepared 18 - onth projection (by quarter) of sources and uses of funds detailing all planned and required expenditures signed by the Chief Financial Officer must be submitted; and iv) net tangible assets of $4000000. Far cry from the $820 cash balance when Gary Nash took over control in Mar 2005. All companies experience glitches but since I have been invested here this has been a very ambitious and interesting company. Our geologist, William Randall, working in conjunction with Gary, has advanced the properties themselves. Our board has proceeded with the paperwork, etc to administratively advance this property. In 3 years this property has done a great job. The PDAC this weekend will be a great opportunity to speak to the Lbe crew at booth 2331 if you happen to get the chance. I certainly am planning to do so.