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

To: gemsearcher who wrote (4624)	10/5/1999 2:13:00 PM
From: ogod	Respond to of 7235

from leroy s man forum, roadshow?europe? taking a page out of s muller s book?I'd like to draw the Forum's attention to the merits of Southern Era Resources (SUF-T). This is a diamond producer and explorer which according to Canadian mining analysts has lost its 'focus' and thereby their favour, hence the present share price. C$2.75 down from over $6 earlier this year. The reason for their dislike is the company's intention to become a platinum group metals (PGM) producer in addition to its diamond mining operations. This, of course, must make life very difficult for analysts accustomed to single commodity mining companies. (As an aside I'd suggest that these ladies and gentlemen should not entertain the thought of emigrating to Europe where most mining companies produce everything from antimony to zircon. They would not be able to obtain gainful employment with the broking fraternity.) Southern Era is in the process of acquiring the Messina mine with a drill proven reserve of 10.5 million ounces of PGM metals. It is buying this deposit at less than $1 per ounce. The company plans to produce 120 000 ounces per annum which will ensure a mine life of over 60 years. SUF will not smelt, refine or market the metals but sell the concentrate to Impala Platinum, the world's second largest platinum producer. For more information on the company and its earnings record please visit its website southernera.com Southern Era will commence an European roadshow next week.