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

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To: Peter Bourgeois who wrote (72)4/21/1997 2:24:00 PM
From: VAUGHN   of 7235
 
Hello Peter

I did not see the Newsworld story, (probably sitting here typing these posts). Can you advise which date story aired? I will have to try to secure a copy.

I got the 750tpd figure from that RBC Dominion/SMK Southernera analysis I mentioned in my post last week.

I also understand that TD Greenline may have a 17 page analysis out on the companies' prospects. The company is sending me a copy. Presumably it takes a little closer look at the companies' NWT prospects than the SMK analysis did. When I receive it, I will let you know of any new information.

I don't know, but I have my doubts that they monitor the site. They are such a conservative company, they seem totally focused on property development and leave the market to draw its own conclusions.

One other aspect to consider. After you deduct for management holdings, Kennecott holdings, institutional holdings, and five large american shareholders, there is only about 7,000,000 shares free trading. That makes for excellent leaverage to good news, but lousy volume.

My simpathies about your lost years in Alert.

Regards
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