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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: russwinter who wrote (6896)5/26/2002 5:18:54 PM
From: Gord Bolton   of 7235
 
Obviously very hard to predict on short term price movements. Obviously more buyers than sellers at the moment.

Phase two feasibility study on Messina is due anytime.

If SUF can achieve mining rights on the properties adjacent to and inbetween the Messina properties and open pit (box cut) the upper portions thus supplying immediate ore for their soon to be completed mill then you will see the afterboosters cut in immediately on the stock price.

Some developments and announcements regarding Camafuca should be forthcoming. Camafuca can be put into production fairly quickly and provide significant earnings to SUF.

If the above does not happen the old adage of sell in May and go away may apply.

And if one of the Major miners decides to make a serious entry into platinum we could see some serious bidding and price escalation.

One must also keep and eye on the Platinum-Rand-US Dollar equation.

For those who bought large quantities for under $3.00, now might be an excellent opportunity to remove or reduce risk.

Under $3.00 per share was a no brainer.

Message 16849615

As always, everyone must do their own DD and decide their own risk tolerance. It is probably a fairly safe bet that SUF will see Can$20.00 per share some time in the next two years. Exactly when that is achieved and what happens between now and then is all in the black box.
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