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

To: que seria who wrote (5518)	2/1/2000 2:51:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 7235

Hello que seria Even if SUF found nothing at Yamba, I doubt it would tank the stock at this point. I think the tank has already occurred. I agree, a Messina signing announcement even a Camafuca grade increase and SUF's assumption of DW's properties, probably won't light a fire under SUF, but it will result in a slow but steady accumulation by funds and over seas investors which will over the next year or so, slowly increase share value to reflect the projected NAV and profits. I do not believe anyone is expecting new discovery news from Klipspringer and I am unaware of any major exploration program on the property anyway. The major focus of SUF for the next few years is putting its three principal assets into production. There is no doubt, SUF is no longer principally first and foremost a juniour explorer. Having said that, there are ongoing SUF exploration programs and these are SUF's future. Discoveries at free market plays like Yamba, Brazil and Australia will still light a fire under the market in the same way they always have. The market simply has adopted a "show me" attitude. It is less likely to offer a speculative premium than it did in years past. Rather, once a discovery is made with its probable $3 billion plus value outlined, then watch the return of the speculative market. "Greed is still good" and "greed still purifies." One parting thought. DB has previously indicated that considering Kennedy Lake's grades, they wanted to see 40,000,000 tonnes before they made a "go" decision. Howard suggested that with SUF's efficiencies and expertise, and assuming local NWT grades, 20,000,000 tonnes might be all SUF would need at Yamba to make a "go" decision, especially considering the properties intrinsic amenities. Point being that you don't need very many NWT sized pipes to get to 20,000,000 in a hurry, and 20,000,000+ x net $80/tonne puts $1.6 bil in SUF's pockets after taxes, construction, etc. Total speculation of course and opinions are like AH's, everybody has one, but I am modestly optimistic based on the geology, geochemistry, location and geophysics, that when everything is drilled and done, SUF will find at least 5 economic pipes at Yamba and that?s +/-40,000,000 tonnes. Regards