This company looks very interesting with only 8.5 mil shares outstanding. It's current Number One Play is Diamonds in The NWT. It has 10.62 % carried interrest of the Back Lake Claims Project (Southern Era is the operator with 70% and Kalahari with the other 19.38 %). So far there has been some very encouraging micro/macro counts of diamonds found. SUF is planning to Drill in Feb./Mar. of 98.
The Company has some other Gold Plays around the World But, are focusing now on Diamonds. The Website is islandarc.com and The IR person is Steve Roberts at 1-604-682-4488. |