NORTHERN SUN MINING CORP LBEFF

RE: RE: RE: RE: RE: RE: RE: putting someone on ign

[JohnEStromJr]

Nickel,

One way or the other I'm in this to the end.  Either it will go up and make money or it will sink like a gut shot turkey.  That said management has said they will do well if nickel is $7.50-$9.00 per pound and we've been hovering on the lower side since before that NR was released.   You're indicating a new $6.50-$7.50 range.   What worries me is all of the debt and some if not all of it time-sensitive.  For example, the $5 million due in July.  But we've got interest accruing on the other $35 million [including the convertible preferred shares] plus our operating costs, engineering, drilling etc.  The higher the nickel price remains the better.  The lower the nickel price remains - the greater the danger.   I hope you're right and I'm wrong but I've been through three other takeovers and only one accidentally ended up to the good for shareholders - the LionOre takeover by Norelsk [after LionOre tried to steal the company with the able assistance of LionOre management.   So I will hope you're right but not be even remotely surprised if you aren't.   When I see Liberty Mines buying back those convertible preferred THEN I will agree.