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

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To: D.M. who wrote (2986)4/17/1999 12:54:00 PM
From: maxed  Read Replies (1) of 7235
 
Hi. D.M. Interesting article. Looks like we can't loose with this one. We got the 7.5 million and will probably get a few bucks more. With reduced grade but increased production if they should average 7.5 mil per month for this year would come to about $90 million. Last year they spent $46.3 million on the plant and still ended up with $6.5 million in cash. The cash flow for 1999 should cover the cost of NWT, Brazil, Angola and the plat mine with plenty left over. Any money coming from the plat mine and Angola is just a bonus. Do I have my fact right or am I missing something? Eddy
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