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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Bullboard Posts
Comment by hank2010on Feb 09, 2004 12:01am
165 Views
Post# 7022983

RE: LBE a winner?

RE: LBE a winner?Well, holtyre, your post is a good example how things get misunderstood. I do not know where you came up with my saying I was a geologist. I am not a geologist, never have been, (and if drafted as one I will not serve!), and I have never posted that I was a geologist. If the down hole geophysics come up blank then they should assess just how much mineralised material they have in the relatively small McWatters deposit and get an idea if it is in the economic range to be able to mine it in to-days high price/tight supply market. That is the purpose of the down hole geophysics. Instead of drilling blind, find the indicated sulphides first, then drill. This is some promotion, they do not even have a good web page. I gave an example of what a promotion is, IMO, in my post. The company I mentioned is selling at 7 times the capitalization that lbe is, and as yet do not have a single drill hole. Mustang, which I still own has a much higher cap. than LBE, or is that Bob's fault too? Is Inco a victim of the promotion also? they are spending big bucks on LBE's redstone project. How about the Coffin boys who did the write-up in Hard Rock analyst? Are they victims of the promotion? You post under the handle of Holtyre. Is that not the name of a former producer to the east of Timmins? Are you from the Timmins area? Perhaps some of the that smear campaign has unconsciously rubbed off on you also. That whole nickel belt in the Timmins area is now the focus of a new effort to evaluate it. The Ontario and Canadian governments have spent money mapping the belt just recently. That has helped kick-start this new interest in the area. I am sure they are not parties to any promotion. Falconbridge has already announced and have permitted a new mine in Montcalm Township. How many new jobs. How many service and retail jobs protected because the basic industry is expanding? If anybody else is successful in the area it will also be good for the whole Timmins economy. Somebody said that the chances of success are 1 in a 100. Easy to bet that these guys (lbe and mum) will fall flat. The odds are with you. It will then be I told you so time! I am a whole lot more optimistic, and I do not even live in Ontario. I reiterate. I trust Bob Brumell. He may be wrong. I am a big boy and can make a decision to buy into this play after examining the info available. If it does not work out I will accept that it was my decision.
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