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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: russet who wrote (4778)10/22/1999 10:47:00 AM
From: VAUGHN  Read Replies (3) of 7235
 
Hello Russett

The sooner M-1 and its gravels expire the happier I will be. SUF is only getting 40% of that play and its tying up the entire plant. I would rather they finished it off as soon as possible and then got on to processing their ore for 100% of profits even if the grade is lower & increasing their production capability from the fissures.

I appreciate your geology lesson may not have been for me, but in case it was, for what its worth, I do understand that side of the equation fairly well.

Yes exploration is a gamble, but investing in resource stocks especially juniors is a gamble and not for widows and orphans. I can't imagine anyone investing in them for the dividends. That is as true of SUF as it is of Barick. If people want dividend earnings and share price based on them they should invest in Phillip Morris.

People invest in junior resource for capital growth and growth in junior resource stocks comes from finding pay dirt. When SUF is a Falconbridge or a Barrick, then the blue chip crew will be looking to earnings for share value but to do that now is simply premature. Earnings at this stage are for fueling growth through exploration. SUF has stated that in their AR's and at their AM's and I for one do not want that policy reversed just yet.

If they want to spend less somewhere I would vote for Angola, but beyond that, carry on gang.

I guess we will just have to agree to disagree.

Regards

P.S. Thanks Confluence
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