SOUTHERNERA (t.SUF) Message Board

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

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To: gemsearcher who wrote (5771)	3/4/2000 11:09:00 AM
From: russet	of 7235

Confluence nailed it, and I concur after tax cashflow of $.80 per share. http://www.siliconinvestor.com/readmsg.aspx?msgid=13012331 Take off general and admin. costs, misc costs that always creep into SUF's operation, bribes(?), financing and amortization and what's left? Then multiply by SUF's disappointing multiple of 4 times eps, and we are probably overpriced unless they finally come up with some economical fissure mining, but by the sounds of it they are now considering extending M1 maybe with underground mining,...that ties up production capacity on Marsfontein(40% SUF) instead of Klipspringer (100% SUF). Not a pretty picture for a company that needs to perform quarter to quarter as no one seems willing to look into their future. Everything is relative. Why play with something that continually dives to test its lows, when Quebec, Ontario and Brazil diamonds are heating up bigtime. Go where the psychology is good. That does bring us to think of SUF in Brazil and maybe Australia. That's why I kept a few,...just in case, but I have fallen out of love :-((((((( Happy weekend ;-)))))))

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