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Gold/Mining/Energy : South Atlantic Resources

SCQ 25.16

+0.1%

Sep 19 5:00 PM EST

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To: KOLOS who wrote ()	12/8/1999 11:08:00 AM
From: 3bar	Read Replies (1) of 225

Gunnar: My knowledge is very little. Your conservative estimate of the zinc, seems good to me. The wild card is the diamond mine. The first one in Canada went from pennies to around $80. They do value a deposit with large stones and will pay a premium price for it. However in the gravels it seems to me to be more difficult to get a good estimate of the size or volume of the resource. My slightly optimistic out look is for a stock price greater than $3 in side of two years.

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