NORTHERN SUN MINING CORP LBEFF

RE: Victor2009, LBE???

[victor2009]

doingthejob/aatozz/PVB (Pinheaded Vacuous Boor)

It speaks volume on your maturity and investment knowledge that you put Randy Miller on a pedestal. In fact, since I challenged you to list his achievements since he became involved in ISM, you have come up with only one lame example. You claim that he "discovered" URSA Major. He has invested some of the failed mining company's cash in UMJ, and many feel he has a strategy behind this move. We'll see how this unfolds, he's had a dismal record on his strategies before - will this be another embarrassment like his Jasper and Langmuir spin offs - or will he finally make a move that has some value to the ISM shareholders? He might prolong the demise of his penny ante conglomerate for a few more pay cheques.

Actually being invested in LBE is much more comfortable than you would understand. Unlike your investment of choice, this company is pursuing its business plan and selling concentrate from its earlier exploration and development efforts. You may not be familiar with economic viability reports on mineral properties, the CEO you idolize promised one on his flagship property in 2008, and has yet to deliver on that promise. But LBE has the comfort of knowing its properties are economically viable. The comfort level on viability has increased considerably as the independent experts based their LBE conclusions on a nickel price of C$7.78 - at the recent Ni price range of $10 - $13, the realization of LBE reserves will significantly exceed the expectations in the economic reports. 

Of course, ISM is unaffected by the strength in commodity prices, it has never sold one dollar of mineral in its existence, and at this point its economic mineral reserves on all properties it holds equal ZERO.  I sympathize with ISM shareholders, watching the company go from a failed mining experiment to a confused and unprofitable operation that can't seem to get anything right. It certainly can't be comforting knowing the man at the helm that should be trying to salvage something, is the same one that guided the company to disaster. It's aggravating enough for your fellow shareholders dealing with the deterioration of company assets, and the loss of dedication to the mining business - but to have the man responsible continually increase his remuneration and feather his nest with multi-million dollar loss of office packages!  Its more than a person should have to endure. Of course, you haven't seen through this yet - as they say ignorance is bliss - you are long on bliss.