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

To: Andrew who wrote (3939)	7/9/1999 11:54:00 AM
From: Andrew	Respond to of 7235

I did a little research so I will answer my own question. Stillwater 1.2 million oz by 2001 $140 -$160 cash cost/oz $200 Total cost/oz Undergoing an expansion to raise production from current 450,000 oz at capital cost of $385 million SothernEra 120,000 oz by 2003 $95 cash cost $147 total cost Capital cost to bring mine to production $41 million In conclusion the Stillwater project is 10 times as big and is situated in Montana however SWC does have a market cap of $961 million US. SUF's cash costs are lower and the capital cost is low as well. Heck if SUF would get 1/tenth of SWC's value reflected in its market cap SUF would be worth $96million US or approx. $144 million Can. Its a real shame that our current market cap is about $130 mil Can. and our producing diamond mine in SA is given absolutely no value! The one thing I didn't find was SWC's total reserves although I did find out that their ratio of Palladium to Platinum is 75%/25%. SUF's is 50/50. Andy