SOUTHERNERA (t.SUF) Message Board

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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Sans Souci who started this subject	9/7/2000 8:53:55 PM
From: teevee	Read Replies (2) of 7235

Quarterly summary from Sedar: SUMMARY ♦Operations at Marsfontein are expected to be profitable in the second half of the year, as all acquisition and stripping costs will have been charged to operations by the end of the third quarter. ♦Underground development work at Messina is proceeding to keep the project timetable intact and to confirm the mining and the metallurgical procedure outlined in the bankable feasibility study. ♦The Klipspringer Leopard fissure feasibility study is positive and development will commence once financing is secured. ♦The Camafuca Project feasibility is under review by the Company's Angolan partners and their approval is expected shortly. The project should be operational in 2001. Does anyone have any idea of how much cash flow Camafuca could generate for SUF in 2001? TIA regards, teevee

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