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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: MNorth who wrote (3127)4/30/1999 12:30:00 AM
From: Gord Bolton  Read Replies (1) of 7235
 
Unfortunately, I think that there is the great sum total of the square root of SFA to report from the NWT.

I think the news black out is to prevent people from getting overexcited, starting rumours etc. only to be followed by disappointment and allegations of hyping, pump and dump etc.

We do have lots of good news and I hope that we will have lots of fantastic news to come-but we will have to wait for it.

And I sincerely hope that I am wrong about the present situation in the NWT. From what has been reported so far from Munn, I think that it is likely more dyke like than pipe like-perhaps a dyke with a blow.

SUF would need to drill a good number of holes to rule it out from having economic potential, whereas if it was a pipe, three intersections would permit SUF to announce a pipe. I do not think that they would miss an opportunity to blow their horn and bolster a sadly lagging share price. They could report a 50 meter intersection if they had one to report without declaring it a pipe or anything else.

The most that we have heard is that the chemistry is nice and that it matches the boulders on shore. WHat they are faced with is that 25 meter boulders do not come from a thin dyke- so there has to be a major source somewhere close by-where? Drill some more before the ice is gone.

With regard to CJ, I believe that he has been in S.A. making sure that SUF gets full value for their diamonds from Klipspringer/Marsfontein.
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