SOUTHERNERA (t.SUF) Message Board

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

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To: bill who wrote (6919)	7/9/2002 4:46:54 PM
From: VAUGHN	Read Replies (1) of 7235

Hello Bill/Frank As a postscript to yesterday's I misread the NR in a few respects and should clarify. The Sue pipe is not a new discovery, it is a known pipe that was inadequately tested up until now and appears to have a reasonably variable grade presumably due to multiphase emplacement or reworked pyroclastics. That may explain the market's lack of excitement but then this is July and not March. Secondly, SUF indicates one new target to be drill tested this summer, not seven. The other drilling will apparently be on the seven existing pipes and more holes plugged into Sue to better establish its grade and course diamond ratio potential. The latter may also be what SUF is looking for in the existing pipes with their new holes. Course diamond ratio modeling techniques have advanced considerably over the last few years and SUF may believe there is reasonably good potential for several of these existing pipes to host larger diamonds within what was previously indicated through outdated techniques as lower grade pipes. Just supposition, but that seems logical. Regards Vaughn P.S. Frank, hope the holiday is terrific! Bring back some pictures from those Mediterranean beaches…

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