NORTHERN SUN MINING CORP LBEFF

RE: College Boy Lacks Ability!

[victor2009]

Nickel77,

You have riled the College Boy - he would like to be able to bash LBE without having to answer for the past ignorance he has demonstrated on the mining business, markets and finance. And he certainly does not want anyone to measure LBE's accomplishments using his one time mining company/now conglomerate ISM as a yardstick.

However, unlike certain other forums where a Hub Leader may dictate what participants can discuss, on this forum we can question the credibility of an ISM cheerleader, to assess his motives in being obsessed with bashing LBE. And we can compare the achievements of LBE with that of its Shaw Dome neighbour.

Readers should be aware that to comment on LBE (or any other company) with any credibility, the abilities of the commentator should be assessed. doingthejob/aatozz fails miserably when history is examined and we check his report card. Let's have a brief look just one major blunder in his track record.

Mining knowledge
This is the guy that publicly presented an analysis of a mining company that had no reserves - by applying his arithmetic to resource tonnage, resulting in him assigning a valuation of 100's of millions of dollars to a property that the Micon experts were unable to declare as being economically viable. Among the basic errors that were corrected by Nickel77:
- this doingthejob "expert" assumed that the resource tonnage would be 100% extracted for concentrating (Nickel77 estimated 60%)
- doingthejob assumed that in concentrating there would be 100% recovery (Nickel77 estimated 55%)
- doingthejob assumed that there would be no costs involved in smelting the concentrate (Nickel77 estimated smelter costs of 25%)
- doingthejob provided for no pit constraints in the resource recovery (Nickel77 estimated $90 million reduction in revenue due to pit constraints)
-  doingthejob provided for no capital costs for a mill, mine development or equipment (Nickel77 estimated $120,000,000 million)

After Nickel showed this "expert" that there is indeed recovery loss in extraction and concentrating, that smelting is not done for free, that pit constraints are a factor, doingthejob came up with some new results. Although he never did provide for mine development, equipment or mill capital costs his evaluation of the mining property did get revised downward. After several more attempts, doingthejob's evaluation was reduced from 100's of millions of cash flow to a valuation that showed that cash flow wouldn't begin to cover the capital costs involved - a fact that several others had known for years.

And this is the guy that thinks he has earned the credibility to be taken seriously on his opinion of a mining company!

His record of blunders on finance, market and poor judgement are equally damning. And on top of this he makes libelous claims that he refuses to answer to - because he knows he cannot support them. This guy is nothing but a low class shill similar to those that populated these forums when ISM was a $6 to $7 stock. The only difference is that now that his company of choice has slipped from +$7 to 20 and 30 cents, the grade of shill has declined accordingly.

doingthejob, you consider LOM to be a factor in assessing a company. What LOM do you give to your company of choice, that has yet to demonstrate that it has one ounce of economical minerals? Right now it looks like your Langmuir property might last forever - it just won't produce a dollar of revenue.