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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by victor2009on Apr 21, 2010 2:20pm
156 Views
Post# 17016073

RE: RE: RE: 5 year comaprison

RE: RE: RE: 5 year comaprisonRocky,

We've been through this yesterday. Try and retain some of this stuff.

That graph that you like to soothe yourself with is a picture showing ISM going from its high of $7.69 to 33 cents (covering the period from your $6.00+ entry point and call for $64.40 in 2007) while LBE went from its high of $4.80 to 28 cents. If all you're interested is history it shows ISM going down 96% from its high and LBE going down 94% from its high.

However if you're interested in current investing in the two companies, you can consider that in that period on the graph, LBE has explored and developed three mines, all with with economically viable reserves, built their own state of the art mill, and is currently selling nickel from it, has multiples more property for exploration, and will be a profitable mining company in the second half of 2010, with plans to grow.
 
ISM has the same economically viable reserves it had five years ago - NIL !  It has cash available from a flow through that didn't flow through that it is currently using more to lend to unnamed companies than to do some recommended exploration. Its become sort of a confusing failed mining experiment, that has trouble setting meeting and dividend dates. It has plans to get smaller by dividing, but doesn't seem to be quite sure how to go about it. 

Chart

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