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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Allen Merrett who wrote (14)11/4/1996 9:25:00 PM
From: Ed Sollbach   of 7235
 
I called the company today.

Apparently recent weakness was caused by warrants which expired today??

People were selling the stock and buying the warrants

News release this week. They may have found a kimberlite pipe.

They mentioned to me that they thought they could have a mine with 1000 tonnes/day for a 7km of kimberlyte dykes.

They figure the grade will be around 1 carrot/tonnes, and $100US/carrot

ed
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