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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: VAUGHN who wrote (6508)5/2/2001 12:20:00 PM
From: russet  Read Replies (1) of 7235
 
Are you saying that if Barrick offered you $30 a share, you would refuse?? SUF(Messina) in its present form will take a decade or more to develop Messina to such a value, but the deposit is worth much more to a big pocketed Senior producer that could quickly put the infrastructure in place to take advantage of the deposit.

There are still mining risks involved. They may wait to see how successful and efficient SUF is at mining the narrow reef.

I thought you would like SUF to use the money they get from the Messina sale to find the real "stuff" in Yamba anyway,...and maybe a big pipe in Australia ;-))
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