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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: VAUGHN who wrote (3770)6/23/1999 5:41:00 PM
From: gemsearcher   of 7235
 
Hello Vaughn.

1. Take with a grain of salt the views of anyone who posts the same message to 2 different people. Still don't know how I managed that.

2. IMO , SUF is being valued as a producer that has yet to demonstrate that it has the cash flow post M1 to warrant a higher multiple. Pure and simple. This stock will soar on completion of a bankable feasibility for Messina that proves out the pre-feasibility. This stock will jump before then if the Camafuca bulk sample demonstrates that there is an economic mine plan there. These are 2 very significant assets that are very close to being monetized ; when that happens , the market will give recognition. And there are of course the "M" anomalies to be drilled and expansion of the fissures. For these reasons, I think late summer /early fall should witness a significantly higher price (if not before- the market Always anticipates)

3. I agree that , from a blue sky perspective , the prospect of a NWT mine will garner greater immediate market attention than offshore prospects. All in time.

4. SUF has been very tight-lipped on its NWT properties and progress- the Munn "info ban" , notable absence of maps on the website , shall we say "sketchy" disclosure in NR's , subtle/downplayed summer programme etc. - all lead me to wonder if this is as much for reasons of "competitive advantage" or other corporate motivation as anything else.

5 I agree that Confluence is sage. As for sober , well , when I left the AGM..... ;-).

Regards.
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