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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by victor2009on Oct 25, 2011 2:47pm
374 Views
Post# 19179964

RE: News - Drilling Results

RE: News - Drilling ResultsIts encouraging to see LBE get out some news releases on what's going on in the company - if LBE gets back to regular updates, it will undo the harm done by the news void earlier in the year. The controlling shareholder has an open pipeline to company information, other shareholders deserve regular updates.

This news is the start of events that will be required to add to shareholder value - the company has to develop reserves that extend the years of production. Its also a step towards the stated goal from the October 14 article - diversifying beyond the Shaw Dome. It is encouraging to see reference to acvtivity on new potential sites. The numbers from Groves are certainly interesting with those grades at shallow depths, results on seven more holes should be out in the near future. Its also the start of results from potential sites near the three existing sites - Hart East and Croxall.  Any additional reserves that can be proven up near the existing sites will benefit from using existing infrastructure.  The Press Release doesn't guarantee that the goals will be met in extending operating life, but its an early step in that direction, and the numbers give some reason for optimism.

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