Hello Vaughn,
As far as I recall, no specifics were given on the plans for Munn or Yamba, short of noting that they'd found the source of the kimberlite boulders, found some pipes and had re-drilled others at Yamba. I don't believe any Yamba maps were on display.
The presentation by Lee Barker certainly stressed Brazil over the NWT, and it seemed like efforts would be directed to this area immediately. The big ruby/pink that russett noted was found in the river downstream from SUF/CNB lands and got the SUF folks excited about the source. They also noted that De Beers was developing a pipe just to the south of the JV.
And from the SUF website:
southernera.com
IMHO, it was quite a good presentation, rather like most that SUF give. Some phrases like "creating shareholder value" were used repeatedly, with the implication that this, along with finding and mining diamonds, has become a corporate focus. Like Ron S., I was very encouraged to find out about the aggressive (for SUF) PR approach being taken, along with the decision to take the road show throughout some of the smaller cities in the US.
The level of excitement in the overall intrinsic value of SUF was evident in the presentations given by Kim Freeman, Lee Barker and Dr. Jennings. Things look excelllent at Klipsringer, with fissure production to come online in early July, with many anomalies (18) to be drilled on Marsfontein starting next month, and with expansion of the reserve of the remaining ore at M1 to 1.3 million carats. The platinum project looks very profitable, with the ability to greatly increase production rates as development warrants. Camafuca seems to have increasing attractiveness, with the expectation that a low-cost dredging operation could allow for reasonably quick production within a couple years.
Dr. Jennings also made a special point to comment that SUF officers would be ready to do talks/presentations with any groups, especially for the brokerage community. Hopefully some take him up on his offer.
It certainly seems that SUF is taking steps to make sure the story gets told.
One interesting display came courtesy of some SUF shareholders who also sell, market and retail diamonds. They had quite a selection of Angolan diamonds, mostly from the Luo area, including one (over 10c)just cut and ready for sale for a minimum of US$150,000. These folks have patented a way to examine diamonds via the internet, with microscope views and various analyses of individual stones. This sounded very interesting, and (my thoughts) could be a nice home for some of SUF's eventual Angolan or Brazilian production.
For those not able to attend, I highly recommend it next year. Its one thing to understand how your company works, but its quite another to see and hear the excitement and determination in the eyes and words of the many good people that SUF has assembled.
Maybe some of the recent sellers attended and decided to hold on for the bigger things to come!
Regards,
Confluence
PS Forgot to find the FP guy and "chat" with him. Apparently, the FP sent a sub for Kootenblower, obviously leading to today's better and fairer coverage. <ggg>
PPS Maybe next year, if we all still own the $10-20? stock, the various SI posters should wear blue shirts or buttons or whatever to identify each other. Just kidding. |
