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Gold/Mining/Energy : southern africa minerals
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To: jpthoma1 who wrote (308)1/23/2000 2:05:00 PM
From: Leo Raftis  Read Replies (2) of 314
 
Hi jpthoma1 Noranda is gone they wanted to pay SAF $60000 for this installment and would commit to spending the difference from the $750000 to drilling. We all know there are defined targets on the North deposit which BHP drilled off a few years ago which Noranda hasn't drilled (why).They are not interested in seeing SAF's stock price rise,perhaps trying to swollow up SAF at a rediculouse stock price and i am glad to see Wayne and others on the board sent Noranda packing!!.They have other parties interested in this project such as AUR resourses and others that will see this project to production,dealing with Noranda has just seen our stock price continually drop.There is a massive sulphide zone of zinc,copper and silver on the north 5-6 hundred meteres in length that Noranda has not even touched makes you wounder!!.They had a meeting with Diamet on friday possible decission this week on there diamond project in Africa.Interested to hear you comments on these matters Leo
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