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

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To: Gord Bolton who wrote (2834)4/12/1999 6:44:00 AM
From: Confluence   of 7235
 
Hello Gord,

This was circulated over 8 weeks ago after the analysts tour of Klipspringer. It didn't seem to catch that much interest. Most of the FM accumulation came before this time, though they have done some buying since.

I agree with gemsearcher that there are some fantastic targets, but I'd draw attention to the M1 gravels (M3 stuff being tested now at the new 50 tph plant -- might not be the highest grade), and the anomalies that have yet to be announced on the 100% Klipspringer land. It don't know if they'll be labled K1, K2,..., but it sure would be nice to have something that looks like M1 on the 100% ground.

A side thought to those hoping SUF will announce a major pipe/dyke discovery: SUF has to announce material changes. They have already found several fissure/dyke systems in the NWT, so another one would not necessarily be material, and would be more likely to be reported on in a comment to the JV partners. For all the WSP fissure folks thinking that IAR or KLA could be a similar play, I wouldn't hold out too much hope, as SUF already has an almost producing fissure in RSA.

Regards,

Confluence
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