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

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To: POLARBEAR who wrote (734)	3/18/1998 4:43:00 PM
From: GULL	of 7235

To:POLARBEAR From:GULL Marsfontein Farm in situ value of $107 Million and this is just Randgold's 35%!!! I quote from your extremely interesting article: "This stunning find gives the M-1 pipe one of the highest reported values per tonne of any known kimberlite in the world.The indicated in-situ value of the M-1 pipe is over $450 per tonne.(685,000 tonnes) The value of this assett alone is far greater than the current market value of Randgold." A few discrepancies: 1.In your message to Goalie you state that Randgold could do well without M-1 just as SouthernEra will. Am I reading the correct report as quoted above? 2.Once again the proverbial attack on the weak case of the 'heirs' including Mr.Lawyer. Leave it to the courts to decide this issue. 3.Why no mention of the major change in the upper management of Randgold i.e. the departure of Mr.Flack as Chairman and his replacement by Mr.Kebble?

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