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

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To: VAUGHN who wrote (3795)6/25/1999 3:35:00 PM
From: Shaw   of 7235
 
Phew!!!! That was a long one, Vaughn!

A lot of valid points, as well.

I worked in the mining sector for a few years and was always badgered by people because my companies didn't have assets in Indonesia, Chile, Mars or some other far away "sexy" place. My response was always: Canada is an excellent place to do the business of mining. I still (and now the market seems to agree) believe that this true. However, I also believe that this is a cyclical thing and people won't care where anything is located in the near future as long as a bankable feasibility study and/or profitable current production are (is) verified.

Changing the company's exploration doctrine in mid-stream (ie changing $$ targeted for the NWT, RSA or Brazil) to take advantage of current market sentiment, is IMO, not really that productive.

Time will tell, but my gut tells me we are stuck with this languishing SUF market for awhile and I will take every opportunity to sell on spikes and buy on dips with the hope of lowering my average cost.

Regards,

Dean
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