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

To: crudestope who wrote (4942)	11/10/1999 6:20:00 PM
From: Brian MacDonald	Respond to of 7235

Crudestope <The financing, subject to a positive feasibility study, is on a non-recourse basis from a South African merchant bank. The Company was unable to obtain the financing on the same terms in Canada.> From this I gather that it's almost a sure thing. Given that PGE prices have continued to hold their high levels, and the price that $US 350 was being used for Platinum in the study, I would think that the merchant bank will soon be making that loan. Brian

To: crudestope who wrote (4942)	11/10/1999 6:55:00 PM
From: Valuepro	Read Replies (4) \| Respond to of 7235

Crudestope, thanks for your comments. Say, if you want to enjoy some MEANINGLESS and MISLEADING press releases related to diamond mining, check some of the older ones from Mountain Province. They gloss over the fact that most of the diamonds they had been recovering were fragments, and far too many to result from drilling. They had/have pipes and pipes of poor quality, fractured stones, but the grades (cpt) cited in the press releases were VERY, VERY IMPRESSIVE. BTW what are you mining on the island of Crude? Coal? VP

To: crudestope who wrote (4942)	11/11/1999 1:24:00 AM
From: russet	Respond to of 7235

Hi crudestope, I suppose if I hadn't stumbled on this company (URL below), I may agree with you about companies not issuing weekly reports, or answering shareholder questions posed on the internet in a public forum. I afraid I disagree that most companies keep their shareholders fully informed. I do see more information coming out when a company faces a hostile takeover. http://www.siliconinvestor.com/readmsg.aspx?msgid=11776902 Look for other posts by Jesse for more comments by the companies president Rick Boulay. Rick regularly scans the posts on SI to look for questions he can answer, or just to comment on posts that catch his eye. Seems to me to be the future for honest companies. Companies will ignore this trend at their peril. I predict honest companies that involve themselves with the internet in this way, disseminating their thoughts, dreams and information will gain more loyal shareholders than not. Here's another thread that is so good, the participants should be hired by the company to disseminate information. There are knowledgeable participants relaying information to the rest of us as it happens on the drill site. There are many threads on SI like this. Information is everything. A shareholder that ignores it, isn't much of an investor. http://www.siliconinvestor.com/subject.aspx?subjectid=10357 Language, borders, politics, religion, torture and many other tools have been used to keep the average person ignorant, defenseless and enslaved, unable to move up in socioeconomic status for millennia. It will be difficult for the elite keepers of the knowledge, not to share with the poor ignorant peon shareholders as the internet creeps into the fabric of the world. Debate will occur, and a company will be challenged and their success will be measured by their words. Could work for countries too. It is certainly changing the U.S. quickly in all functions and aspects of normal everyday life (and Canada too). I suspect that is the future for the entire world eventually. Constant worldwide communication and debate should sweep democracy into power throughout the world. Many companies I've invested in here in Canada have offered their shareholders rights offerings to acquire investment dollars. Very junior companies, ones like SUF was a few years ago, don't have a wide enough investor following to allow such an offering to succeed. That is why the brokers are around. They take the risk that they might not be able to sell the issue, and for that they get paid well. I'd want to be too. Many world class mines have been found by Canadian junior exploration companies getting their starts from money coming from our stock markets. These tend to be forgotten once a big company buys them out, but many become big companies too. People tend to dwell on the failures, and ignore the successes. One thing is certain,.....corruption, greed and bullchit know no international boundaries. If other markets embrace junior companies, they will get their share of scams too. Numbers can hide has much as they can show. Back to SUF, The non-recourse funding is for the development of Messina. SUF still has to come up with money (US$10 million) to buy 54% of Messina. I have not heard confirmation that that funding is coming from South African banks. The rumor I've heard is that funding may come from another country. One last thing,...Canadian banks and financial lenders of many stripes have lent money to many Canadian mining companies in the form of a simple loan backed by the assets of the company based on feasibility studies too. Our banks are also flush with cash, but much of it seems to be chasing technology companies of all types. Results from these companies appear to be almost instantaneous. Few mining companies are lucky enough to get results so quickly, hence they are being somewhat ignored in North America. Just a squished hamsters thoughts.

To: crudestope who wrote (4942)	11/11/1999 3:23:00 AM
From: average joe	Read Replies (1) \| Respond to of 7235

216 million tonne? There is only one pipe I know of with that amount of tonnage and that is in Angola? I have a smaller one with diamond if you are interested. PM me I will email you the details. Also,BHP, Aber, Falconbridge and several others are involved in one of the largest staking rushes in the history of Manitoba, I believe SUF has lands there as well, or did. aj

To: crudestope who wrote (4942)	11/11/1999 3:28:00 PM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello Crudestope Welcome to the thread, and thank you for your thoughtful posts. On the subject at hand, perhaps you and the thread might enjoy some meaningful and even tantalizing data as can be seen graphically on the target map recently added to SUF's web site. Go to Exploration & Operations, click on North America, NWT, scroll to page bottom and click on Yamba Lake Exploration Map link. Granted one should not be mislead into believing that all these targets will ultimately prove to be kimberlites, but it does offer a graphic indication of our potential on this play and facilitates just a little speculation as to what might be found this coming spring. Of particular interest to me, are targets near known pipes, immediately over lakes, and immediately up ice from geochemical clusters or trains. I believe the geophysical targets graphically depicted, are the better ones SUF was able to establish. Enjoy. Regards