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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)
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To: Essam Hamza who wrote (151)2/22/1997 5:40:00 PM
From: Dan P   of 254
 
Hi Essam and others:

We bought this stock for the area play and the management. The
Kazakstan deal was a surprise, and it will take awhile for that
project to play out. We are obviously very early in this situation,
and it will take time to do the exploration, drilling etc., and
hopefully they can latch onto a good project which can make the
company. The Kazakstan deal might be better than the Argentina
properties, but time will tell. I have stayed with Corriente
for over 2 1/2 years and with Crystallex for over 3 years.
My point is that these projects take a lot of time to evolve,
and a lot of patience is required. One of the keys is to get
in early enough and at a reasonable price, so that one can
hold an at least marginally profitable position, while the
company is making progress. This is why the bottom fishing
concept is so good. I wish that I had done more of that this
past December.

Some never make it, but the ones that do more than make up for the
ones that stagnate.

Regards

Dan
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