Northern Superior Resources Inc V.SUP

PG on SUP doings on "X"

[SPACEDOC]

Northern Superior Resources (NSUPF, SUP), a Grandich blog sponsor, a fund I consult to owns a large position, and it's my second largest personal holding), IMHO, made a key decision to fill up the till yesterday. They did so through an innovative process (just in Quebec) that's supports charities while the company raised money at about $.79 a share versus the market share price at the time of $.65. They did this with no warrants, and it's not typical flow through funds where the shares come back in your face, ASAP. I've stated they're both the Hunter and the Huntee. In either case, a treasury filled up nicely is very important. Between them and IAMGOLD, much of the Chibovgamau Camp is now sewed up. But with this cash now, two keys for the company are in place: 1 - They can make another acquistion there if need be to strengthen their position. 2 - Whether it's IAMGold or another major interested in acquiring basically the whole camp, you can't expect the company to be looking for a gas station, as they run on empty, for as far out as the eye can see. They did a superb job on leveraging key assets in Ontario to be worth far more now to them, then before the spinoff. Their Quebec based resource is being currently valued at just under $14Cdn. A recent acquistion in the camp (Vanstar), went for $40Cdn an ounce and gold was several hundred dollars lower at the time. I fully anticipate a much more active marketing campaign now and I hope to speak with CEO Simon Marcotte later today #gold #copper #miningstocks nsuperior.com/wp-content/upl…