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Gold/Mining/Energy : MILL CITY MIY-V

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To: eyewatch who wrote (689)2/11/2004 11:55:55 AM
From: VAUGHN   of 707
 
Tough one on such low volumes as players can really yank your chain with stops.

I think I'll simply stay and watch how the Carlin Trend play is received and what is found. I like the potential for a big strike there.

Re: SUF, I would be cautious for any near term performance. They are from 3 to 6 months behind schedule on their ramping up plans and don't expect full production until 2007. With the Rand effects, new mine manager and gearing up for open stopeing instead of down hole stopeing, it looks like plans may not advance quite so quickly.

Good play in the long run but you may make more elsewhere in the meantime.

NB has a new analysis out on SUF which you may want to take a look at.

Good luck.

Vaughn
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