Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Donald McRobb who wrote (3685)	6/15/1999 7:07:00 PM
From: gemsearcher	Read Replies (1) \| Respond to of 7235

Hello Don. A wise friend recently told me that when unrequited love for a stock reaches the point of exasperated despair , turn off the screen for a while (he then went on to acknowledge that this point was probably the very time to be buying - he had to add that). The way I see it, SUF is valued today on M1 cash flow and known Klipspringer fissures. I find it ironic that the M1 was last year's SUF saviour and is now its albatross . No value (and I mean NO value) is being given to Camafuca or Messina , despite substantial proven reserves and the likelihood of significant additional reserves at these properties. No value for the likely further reserves at Klipspringer ( 16 km fissures, 3km proven) or Marsfontein "targets". No value for NWT or Brazil. So , I ask myself , where is the upside/downside ? The downside is that I will have to bear these $4.81 - $4.99 (or $4.56 - $4whatever) quote lines for a little while longer. The upside- even conservative degrees of upside - is not far off and makes me smile. You know , I have this sick feeling that the share price would be higher without M1. M1 is clouding the other assets. If BII had M1 , it would probably be trading @ $2.90. Regards.