NORTHERN SUN MINING CORP LBEFF

Going over the facts

[jhminer]

As an investor in LBE for the last few years, I have folowed the roller coaster ride from fast paced developements to shut down of the mines and back to production. Certainly shows the tenacity of management to keep going and build some value for shareholders. I am sure Millrights/Nickel77 observations are correct but the ongoing battle with Rocksolid/Trailerpark Boy from ISM about ISM and Liberty is simply raising false perceptions about LBE. That confuses investors or potential investors, which has been Rocksolid's game from day one. Anyone who cares to spend a day going through the Stockhouse archives can verify the following facts. I like many others, have called Liberty to speak with Gary to fill in any other blanks. The following are questions raised by Rocksolid/Trailer Park Boy/Drillbit over the last couple of years. All of them have been answered at least to some extent by Millright, Nickel77 and others.

1.Rocksolid states over and over that all the Chinese want is the nickel. Millright points out that is not true since the Chinese has publicly stated (press release) that LBE is selling all of the concentrate to Xstrata. It should be pointed out that an exemption to process ore out of Canada was granted to LBE to ship to Jilin Jien in November 2005. That, as per the press release states, expires in November 2010. As Xstrata has a smelter on Canadian soil, an exemption will not be granted for an extension as per the mining act of Ontario. The Chinese can therefore not get any nickel from Liberty so Rocky is dead wrong.

2. Rockhead/Strom/Tailertrash promote the untruth that Jilin Jien want to take LBE private and screw us shareholders. As long as the price of nickel is above $7-8 as stated by the company, LBE will be able to make the cash needed to pay off all loans to JJ over time. The 2010 guidance was put out early this year and we will all be following that closely. Producing around 6 million  pounds of nickel in 2010 at $8.50 per pound payable pushes LBE into mid tier status which I am told means $50 million or more revenue in 2010. Any intelligent person would understand all of this and simply monitor progress of the company. The bashers promote falsities ignoring the facts that JJ provided interim cash to get McWatters into full production to provide the company the means to pay off all of the debt. The bashers fail to understand the power of minority shareholders. No public company can be simply taken private without proper compensation to all shareholders. Why would JJ help management to maximize earnings if JJ wanted to take the company private?

3. Today Rockhead wants to know about a can of worms opening up from the defamation suit launched by ISM against some naysayers in 2007. It is well known that most company's try to model their neighbour's resources based on information made public on the drill data. Buxom was doing that as well. I am sure the LBE geologists modelled the Langmiur deposits of ISM and Nash knew that the Bullboard misconceptions posted by the ISM promoters were many times overstated. The ISM Micon report was the can of worms that was opened up by ISM later proving that the grossly overstated resources referred to on the BB or Darcel report  were wrong. Nickel77 pointed out that Rockhead seemed to have inside knowledge of a meeting between LBE and ISM geologists where a swap from L1 and L2 was purported to be discussed. Rockhead seems to know the answer to the rest of his question/s so he should answer it/them and post them for all of us to see.

4. Rockhead bashes LBE for replacing mine managers over the last year since startup. I called the company to confirm the  mine "managers" didn't pan out and were replaced or quit and that LBE is intent on meeting stated targets. Looks like the last one replaced brought some "dirt" that Rockhead latched onto. 

Enough for now.

[rocksolid47]

jhminer1. What planet do you live on? JJ can do whatever they want and have you ever heard of trading Nickel in locations throughout the world. And they have that exemption in place. Maybe Xtrata exchanges Nickel from North America and Indonesia. Why pay the transportation?2. It’s a debt time bomb. How do they pay off the debt to JJ and what do they get if the debt is not serviced. I will answer

[CaptainMax]

Rocky/Trailertrash, There you go again signing off with the wrong name!! Why doesn't your puppetmaster(chickens**t) just get his own username and post under it so you don't look stupid...oh wait too late for that! HAHAHAHA CM ----------Original Message Posted 7/4/2010 6:20:08 PM---------- jhminer1. What planet do you live on? JJ can do whatever they want and have you ever

[rocksolid47]

Yup, there I go again, pushing the buttons of you clowns...works every time...lolrocksolid

[jhminer]

Rockhead, you slipped up again as pointed out by Captain. That is what happens when you are always slipping and sliding betwwen the cracks. Proves you have no credibility.1) You tried hard to slip out of the fact that you have over and over stated JJ only wants the nickel from Liberty. Liberty sells concentrate to Xstrata as approved by JJ and the exemption to sell directly to JJ expires this year

[JohnEStromJr]

jhminer,Welcome to the forum.  I see you just joined yesterday.  Is this a new iteration of a former Nom de Guerre or are you new to Liberty Mines?  I see this is your very first post so, again, welcome.   Since I saw my name in your post I thought I would make a minor correction to your comments........"Rockhead/Strom/Tailertrash promote the untruth that Jilin Jien

[legend7]

Just to correct a couple of assumtions in your post....Liberty target is to produce 6 million pounds of nickel in 2010 the majority of those 6 million pounds will be mined and milled from June to Dec while we are pretty much in full produciton As far as revenue with $8.50 nickel yes that is 51 million gross and our costs are projected to be $4.50 per pound (WHICH INCLUDES XSTRATA'S

[JohnEStromJr]

legend7,Thanks for the information - greatly appreciated.  I hope nickel does stay above $8.50 and that our costs are $4.50.  Would that include salaries, taxes, exploration et al or just production costs?  Hopefully all of the costs but I think only production costs.  We weren't supposed to reach full production at McWatters until end of June, 2010 so we would only be at

[NiceGuyEddie]

cannot understate the importance of paying off that debt asap, if we cannot prove that we can pay this debt asap, less than 12 months from today, this stock is worth 5 cents at best.  until that debt is paid, you will not see any upward movement.it's bad enough that all mines combined will produce nickel for 5-6 yrs tops, no one is impressed with a 6 yr mine life.  they absolutely

[trailorparkboy]

Debt is what killed LBE, it is too bad because the ore bodies were small yet decent enough too make money for the shareholders. Now they are owned by the Chinese.trailorparkboy

[victor2009]

In catching up on reading several day's posts, the fact that again becomes obvious, is the effort to bash LBE, by a devious group that requires multi aliases and the use of these aliases by another party.As I have pointed out in the past, and as Captain Max states, reading the rocksold/trailorparkboy posts indicates the use of multia aliases and the hand of a puppeteer.The regular buffoon that

[victor2009]

Rocky,You should be careful continuing these lies you spread about LBE. You've just said that LBE ore bodies are now owned by the Chinese - that's an outright lie. The ore bodies are owned by LBE, a company in which Jilin Jien is a 51% owner.You are right that the ore bodies will make money - they are doing that right now. As for being small, the ore bodies of LBE are infinitely greater

[trailorparkboy]

Millwright aka Victor,Is that a threat little man? I shake and tremble at the thought of the next multi paragraph rant that very few people read, including me. Now as far as lying goes, I concede your are the king.trailorparkboy

[victor2009]

Rocky,Well at least we know its the low grade buffoon using the alias - with your comment  - your are the king.You really have trouble with one syllable words, Rocky. Whatever possessed you to think you could construct a meaningful sentence. I shake and tremble at the thought of you trying multi paragraphs.

[trailorparkboy]

Millwright aka Victor, Still trying to be a bully eh? When you can't argue facts, do a spell check...no one is impressed and you have long since loss any credibility.Jilin Jien owns 51% of LBE, which means they own it and there is nothing you can do about. They call the shots, and even if by some sort of miracle, they get the money owed to them they will still own 51%...try and weasel out

[rocksolid47]

trailorparkboy,Slicky sleaze is an apt description of millwright aka victor for sure. I have never seen a bigger liar. The guy bashes other stocks and pumps this dog when a sole enity (the peoples republic of china) owns a majority stake. Anyone knowing this wouldn't touch it with a ten foot pole.Rocky 

[victor2009]

Rocky,Really I'm not that concerned with spelling errors or something that is not grammatically correct - I'm interested in what the author is saying. I point out the endless spelling errors and incorrect use of words in your posts (currently under the rocksolid and trailorparkboy aliases) just to keep readers aware that these same errors, under different aliases and other forums