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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: geoffb_si who wrote (6606)6/1/2001 2:45:32 PM
From: Valuepro  Read Replies (1) of 7235
 
Right! From March 6, PR, "...20,000 tonnes of ore per month without interfering with the completion of the full-scale operation focused on the main shaft. The API financing will be used to purchase a concentrator capable of processing this volume of material. The API is expected to produce approximately 2,300 ounces per month of payable PGMs plus gold which at current prices is estimated to generate approximately US$1.0 million per month in cash flow before debt service."

Looks like I confused "tonnes" with "ounces." <blush!>
Still an important story for our purposes and one which makes Messina look outstanding by comparison. Note that there were 23 bidders for the Assore's property.
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