SOUTHERNERA (t.SUF) Message Board

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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Claude Cormier who wrote (2770)	4/7/1999 4:44:00 PM
From: gemsearcher	Read Replies (1) of 7235

Hello Claude. I agree. The market will only afford a reasonable multiple to SUF if there is reasonable assurance that current cash flow is sustainable after M1 is depleted. Another mine, with proven reserves that would generate cash that would bridge the difference between M1 cash flow and projected Klipspringer cash flow , would achieve this result. My strong bet is that , with all of the exploration currently going on , the company will find that mine. When that happens and other exploration/deal news comes in , the multiple will move to 8-10x CFPS and the market will go gaga over the blue sky. Regards.gemsearcher.

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