NORTHERN SUN MINING CORP LBEFF

RE: NR - Liberty Mines Announces Positive Prelimin

[green24]

Lets see, NKL has a market cap of $116M after running up 70% the past couple weeks.  Their PEA is in the $2.4B range (originally announced at $3B in June2012, but later lowered when the filling was done 45 days later - watch out for this - as the Ni and other metal prices they used were too high - and possibly lower then yours?)  They had a 38% IRR on a 8% discount, later lowered to 32% if I recall correctly.

 

So... $2.4B NPV / $116M market cap, compared to what you put out today.
.085B NPV / $12.4M market cap

 

I know which co I prefer...

 

But then again, I'm sure Liberty Mines has a ton of other things going for it that I'm neglecting.