These are Year One values. No Land Beyond now has a Year Two Version!
No Land Beyond is an Exotic Sniper Rifle, unique for being a Primary weapon. It fires bolt-action, so each shot requires a 2-3 second chamber reload before firing again. Interesting fact: NLB has the same stats as another Sniper Rifle: Ice Breaker. (They even share 3/5 talents!)
No Land Beyond is notoriously poor for PVE, due to low ammo and lackluster damage. It fares better in PVP, but the low ROF and reticle movement (while strafing) have significantly impacted its popularity.
Below is the first footage of No Land Beyond in action: