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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Claude Cormier who wrote (3039)4/21/1999 11:44:00 AM
From: gemsearcher   of 7235
 
Hi Claude.

Mike Curran's February report strongly highlighted the need for SUF to demonstrate that it could produce sustainable cash flow post- M1; i.e. "Longer term , we remain unconvinced that [SUF's] adjacent Klipspringer property could maintain the high levels of earnings and cash flow that we are forecasting from the M-1 operation in 1999 and 2000". I assume that the Messina deal (in addition to the price drop) has led to the upgrade - I will try to post his new report if someone doesn't beat me to it.

Regards.

gemsearcher
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