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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: marcos who wrote (5130)12/2/1999 5:42:00 PM
From: crudestope  Read Replies (2) of 7235
 
Dear Marcos,

I value the South African diamond interests at between $6 and $8 per share. The higher value applies if the Marsfontein underground mine proves economic.

Messina is worth at least $5 per share.

Camafuca anything up to $3 per share, but who knows, could be $5 or zero!

Throw in the Brazilian, Canadian and Australian prospects for nothing.

And what have you got?

A grossly undervalued company at $2.

Best wishes,

Crudestope.
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