SOUTHERNERA (t.SUF) Message Board

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

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To: Rocket Red who wrote (4054)	7/18/1999 1:30:00 AM
From: Andrew	Read Replies (1) of 7235

Hi Red, Technically the chart looks like crap so you may be right, however fundamentally SUF has more going for it than WSP. More irons in the fire and better people on the technical side. Do a little research yes the M1 may run out in about a year or so but new reserves are replacing it, perhaps not of the quality of the M1 pipe but what is. The M1 is the richest kimberlit source ever found in the world. We have a little platinum mine that may be in producing 120,000 ounces of PGM's by 2002 and no one gives a damn. There are only a few dozen companies in the world that produce more than 100,000 ounces of gold a year let alone Platinum/Palladium. Soon people will be kicking themsevlves for not buying at these prices. Some things I was recently told about SUF's prospects. I was told that Kennecott may be droping their properties other than Diavik in the NWT as they are reevaluating what they are doing. Who would inherit these properties and benefit? A large British company has expressed interest to become a partner in the Messina PGM mine. These two things to go along with what I heard about a possible change at the top coming up. Andy

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