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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: crudestope who wrote (4942)11/10/1999 6:20:00 PM
From: Brian MacDonald   of 7235
 
Crudestope

<The financing, subject to a positive feasibility study, is on a non-recourse basis from a South African merchant bank. The Company was unable to obtain the financing on the same terms in Canada.>

From this I gather that it's almost a sure thing. Given that PGE prices have continued to hold their high levels, and the price that $US 350 was being used for Platinum in the study, I would think that the merchant bank will soon be making that loan.

Brian
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