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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Confluence who wrote (1846)7/29/1998 12:20:00 AM
From: Gordon Bolton   of 7235
 
I believe that all SUF shareholders should take some time out to celebrate a little. The resources are proven, the equipment is in place and it would seem that marketing has been arranged.
The numbers that are available would seem to indicate that production and $$$Profits in the near future are limited only by the ability to move Kimberlite through the processor.
If that can be done successfully there is clear potential for yearly dividends close to the current share price. $3.00 to $5.00 per share should be easy pickings.
I have not calculated any earnings from Camafucia in my numbers.
More processing capacity in the future should equal more profits.
And there is plenty of room for more discoveries on Klipspringer
and elsewhere, perhaps even in Canada. I would bet on $4.00 per share clear earnings and triple to Quadruple share price in the next twelve months.
Problems in Angola should not severely inpact SUF even if conditions deteriorate. The Processing equipment can be put to work
on Klipspringer. The Angola properties will not walk away. Conflict
in Angola will not likely go on forever as all parties are likely to
realize the fruitlessness of conflict and instability sooner or later.
So lets see some big trucks hauling $Diamonds.
And lets see some big smiles from SUF shareholders and also some
support and Kudos for Jennings and Co.

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