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Gold/Mining/Energy : Paramount Ventures & Finance
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To: Ross Dickie who wrote (3555)12/10/1999 3:01:00 PM
From: russet  Read Replies (2) of 4884
 
Southern Era is currently diverting most of their cashflow and their attention to securing the Messina PGM project in South Africa. This project is critical to the long term health of SUF, and their ability to fund future exploration in Brazil, Canada and throughout the world. I suggest that is the reason for the delay, and recent discussions with SUF management indicate they are still very excited about Brazil.

Once PVF gets valuations of the bulk sample diamonds found in the alluvial bulk samples, one might expect a good pop on all Brazilian diamond ventures. I hope they show us pictures of the diamonds together with the valuations, and some indication of resource size, so Yorikke's fears are assuaged. Until then, I share his concerns, but am optimistic as long as we can avoid an environmental study like the one that flummoxed the Rio do Sono bulk sampling. The key, I guess, is to keep the project small enough to be off the radar screens of the enviromentalists, until PVF can get some decent numbers. I'm not sure it would be in PVF's best interests to relay that info to its patient shareholders until the "environmental (bribes) negotiations" are completed, so I'm not sure we can expect much public information for a year or so. Bummer.
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