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

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To: VAUGHN who wrote (3357)5/14/1999 11:46:00 AM
From: DIAMOND JIM  Read Replies (2) of 7235
 
Good AM Vaughn and all..an NR and the price goes up? What an anomaly. Discounting the NWT expenses which must make up the bulk of the exploration costs, the numbers from M1 alone continue to support EPS of at least 1.5 /sh. The Leopard grade has been published as being in the area of 60-70 cpht: six months production at 10000 tpm yields 36000ct. Were not the Leopard stones valued near $200US/ct? So the fissure should contribute about $9-10 mil Cdn to the bottom line this year or .25-.30 /sh. As well the gravels might hold a special stone or two. If the market is supposed to look ahead six months or so, price should reflect this value..right?
Regards DJ
PS. let's see how the FP handles this news.
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