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

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To: russet who wrote (3363)	5/14/1999 6:55:00 PM
From: DIAMOND JIM	Read Replies (3) of 7235

Hello Russett..A number of things in the quarterly report: a. two plants I was not aware of being in the works, namely the SECOND 50 tn/h plant and the 10 tn/h exploration plant. b. The significantly higher grades emerging from the monster in Angola (think DB may have low balled the earlier work?) Likely a multi-billion dollar pipe. c. the write-off of Munn Lake and an apparent lack of enthusiasm about the NWT prospects. So far a net drain on the co. d. a lot of enthusiasm about Brazil. Most of the exploration work is done and $ spent will be precisely directed at the best prospects of identified pipes plus alluvials. The second 50tn/h plant is very interesting..must be meant for additional Marsfontien workand allowing the other plant to be dedicated to the Leopard.. No mention of the M3 gravels-40000tn to process before the primary kimberlite sample and processing by July. Dr.J said more news was in the works..if the action today in the poor markets is an indication, although TK back in force this session, I agree we have to head higher. Good weekend to all..watch for the press on this news. regards DJ

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