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

To: PHILLIP FLOTOW who wrote (4356)	8/19/1999 10:12:00 AM
From: Rocky510	Respond to of 7235

What a bunch of crap from the financial poop and the national poop. What a twist of words not said. No one said to "ignore rumors that were circulating". Must of got that from "misconceptions in the market place". Not quite the same thing! And how about that coward analyst who did not want to be named: "One analyst, who asked not to be named, said Mr. Jennings was effectively shooting himself in the foot with his comments." Looks like these papers are trying to do a number on us! Talk about misconceptions in the market place! Whose getting shot in the foot? The investors that's who and mostly by the media and unknown so called "analysts". Makes you wonder why don't it?

To: PHILLIP FLOTOW who wrote (4356)	8/19/1999 10:14:00 AM
From: Yorikke	Respond to of 7235

From Canacords morning coffee series: SOUTHERNERA RESOURCES ("SUF-T") - began producing diamonds in March of 1998 and SouthernEra's share of production has consistently averaged over 25,000 carats of diamonds per month since that time. The Company recently announced six-month revenues of $25.5 M and net income of 6.9 M, or $0.26 per share. Cash flow from operations was $18.8 M or 0.72 per share. The compnay claims there are a lot of misperceptions in the marketplace about diamonds in general, and SUF specifically; the main one being that the joint venture mining project at Marsfontein has a short life span. There is a major, ongoing exploration program to increase the mineable deposits on the Marsfontein farm. More importantly, SUF has just started mining on its very large Klipspringer property Holdings, owned 100%. Current reserves and resources outlined on a small portion of these holdings represent a minimum 12 year life with profitable operating margins." In addition to these mines, the company has a valuable asset in Angola, the huge Camafuca kimberlite pipe. The current bulk sampling program is progressing well, and core testing results reported earlier indicated a potential for higher grades than previously documented. SUF has a strategy to diversify into platinum. With Russian stockpiles expected to be depleted in a few years time and there is growing demand for platinum/palladium for jewelry and industrial uses. The platinum deposits are within a few kilometers of SUF's current diamond operations, and there are significant technical and administrative synergies." The Messina bankable feasibility study is currently underway and significant progress has been made on a number of fronts, including the environmental, metallurgical, and mining sections of the evaluation. Messina has a drill indicated resource of 10.5 M ounces of contained platinum group metals, which could generate substantial annual revenues for well over 50 years at planned production rates.