FYI - "Trump's 12 Diamond Picks" (subject - #18635) has a detailed
report entitled:
SF GOLD SHOW REPORT:
#1707, Tomato, Nov 29 1998 5:47PM
____________________________________
Tomato said the following, in part, on SUF:
"....SUF: Unfortunately, Chris Jennings wasn't there as advertised. The IR guy gave a presentation, and reminded me of all that SUF has on the burner, which is considerable.
They have 60 ex-DeBeers people in their mgt. now, which one of their booth people said doesn't make DeBeers very happy. SUF is the 2nd largest diamond producer in Africa. The may add Platinum to their exploration list. In the NWT they have Yamba Lake- 6 pipes on the pty. C$1.5 mil budget this winter. A project with Kennecot has a C$1mil budget- they'll restest kimberlites already discovered. Back Lake has a C$1 mil budget.
In Anglola they have 3 areas of concentration, of which Camafuca sounds the best to me. Could be a BIG pipe. And of course Klipspringer - quarter million carats per year for 15 years were, I believe, the figures. I think he said SUF should have a half million carats net to them next year. 46 cents/yr. in earnings and betweeen $1.90 and $2.01
cash flow/yr. They might pay a dividend next year."....
___________________________________
Regards. Goalie. |
