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

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To: Gord Bolton who wrote (3332)5/12/1999 7:16:00 PM
From: Gord Bolton  Read Replies (2) of 7235
 
---------------------------------------------1998----------1999E
-----------------third quarter--------fourth quarter---first quarter
tonnage through put-----60,298----------82,594----------52,243
carats recovered-------207,551---------342,503---------173,631
grade(cpht)----------------344-------------415-------------252
Co. share of production-93,652---------137,001----------69,452
Revenue------------$20,652,000-----$23,588,000-----$12,223,552
net income---------$11,857,000---------$86,000------$4,300,000

Well maybe hold that 1st quarter.
Earnings should pick up in the 2nd quarter as increased plant
capacity will kick in. Hopefully M3 gravels will yeild good grades.

In the 3rd quarter SUF will benefit from 100% production returns from
Klipspringer and 40% from Marsfontein.
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