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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Peter Bourgeois who wrote (3105)4/27/1999 10:22:00 AM
From: Confluence  Read Replies (1) of 7235
 
Hello Phil,

I believe this is the old JV deal from Rea Gold (REO.T), one of the junior golds that was flying a few years back, but didn't make it thru the past year. I think KRY picked up most of their assets at bargain prices.

Its nice to see KRY moving forward on projects that SUF had back-burnered. I guess its a compliment to SUF that one of their lower-priority assets is seen in such a positive light by another firm. I wonder how other companies might value the rest of SUF's assets or exploration portfolio. It seems the market, or rather the undisciplined sellers of late, do not put much value on the total package.

Interesting to see TAH and their discovery. These were the guys looking for the merger/takeover with SUF back a few months ago when they were known as Lytton and New Indigo. I hope the pipe proves economic.

Frustrated, but still a believer in value,

Confluence
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