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

To: maxed who wrote (3711)	6/19/1999 10:02:00 AM
From: Confluence	Read Replies (1) \| Respond to of 7235

Hello Eddy, I think that ore of this value would be a great mine if it were in a pipe rather than a thin dyke/fissure/sill. If any pipe had characteristics like this, then I'd be surprised if it wasn't moved quickly thru the various stages of feasibility to a production decision. What seems a shame about WSP is that the ore is just under what I'd been told ($225/ton) would be needed for a mining decision, which means that they'll probably go back and do a lot more sampling, more bulks, etc., which will at least delay for some time any mine. The other issue is simply that many investors seemed to have much greater expectations, the only thing that could justify a market cap of $200 million for WSP. Its very curious that WSP management needed two days to put together the simple release and even then waited til very late on Friday nite. I wish them good luck, and hope the damage on Monday isn't too great. Regards, Confluence PS. I've owned diamond stocks for several years, but I'm not a mining expert, so perhaps some of the analysts will find a reason to be hopeful with this news.