NORTHERN SUN MINING CORP LBEFF

RE: RE: With LBE, reality is a good thing.

[legend7]

Rocksolid,

Are you really that dense or just hoping everyone else is??

The finaincials from last year are a company in Care and Maintenance, then coming out of Care and Maintenance and then getting Mcwatters ready for full production which costs a lot of money...I didn't see any surprises in the financials and I am not concerned with then what so ever.  I can read a financial statement and comprehend it CAN YOU??

If we look back on the 2008 financials they show our costs of $5.85 a pound when we were only doing 200 tonne a day?? So do you think our costs will go down dramatically when we are doing 9 times the tonnage? Not to mention blast hole stoping? Give your head a shake

I will show you a quick basic calculation which will show our cash flow while at 1800 - 2000 tonnes a day

1800 tonnes a day at 1% grade = 18 tonnes of pure nickel
18 * 2205 = 39,690 at 85% (recovery from mill) = 33,736.5 lbs of nickel * 11.30 (nickel price) * 80% (about what we receive from xstrata with copper and cobalt credits) = $304,977 minus  costs of $4 per pound (33,736.5 * $4) = 134,946

So $304,977 - $134,946 = $170,031 Per Day x 30 days per month is $5,100,958 per month which would be over $60,000,000 for the year.

So as I have stated before if nickel can stay up here or higher then we will have no problem paying off the loans, preferreds and $$ for hart.

Legend