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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: RBMac who wrote (2078)10/9/1998 6:30:00 PM
From: BozkurtD  Read Replies (1) of 7235
 
First of all, both parties (SUF and NDR) describe this as "talks". Not amalgamation nor negotiations.

I.M.H.O. I don't expect anything to happen for couple of months. I am sure that SUF would want to do their own survey of New Indigo's (NDR) properties especially the Jericho project and the land based kimberlite called Contwoyto -1. But obviously before this they have to agree on the principles.

It seems like New Indigo is having severe financial problems. But their partner Lytton still has some money left to carry the project for 3 to 6 months. So the whole Jericho project may well go into the new year.

But as Vaughan mentioned before this publicity may attract attention and other parties may get involved in this deal. Otherwise SUF will have the upper-hand.

I don't think that anybody, including the parties that are involved in these talks can answer your question yet and it depends on a lot of factors.
1- If SUF or NDR still want to pursue this in couple of months.
2- If SUF is happy with Jericho results
3- If other parties get involved
...and so on and so on and so on.

I am not sure if I want to bet my money on NDR yet.

Regards

Bozkurt
P.S. It seems like New Indigo HO has moved to Toronto. Their phone number is:
416-777-1998
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