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


To: PHILLIP FLOTOW who wrote (5665)2/11/2000 11:45:00 AM
From: Ross Orr  Read Replies (2) | Respond to of 7235
 
Hi Phil,

Someone brought this to my attention the other day. Perhaps you can shed some light on the math. If SUF is going to own 55-65% of Messina, which in turn owns 10 million oz of platinum at $540/ oz, SUF would then control 5.5 to 6.5 million oz. of platinum or $3.0 bill to $3.5 bill. Yet SUFs market cap is $55 mill CDN. If I was Stillwater or Franco Nevada etc. I would step in and buy SUF for $5 and give the crappy diamond assets away with a bow on them. What am I missing here? If it is too good to be true it usually is. Anyway, I have bot and continue to buy until someone tells why I shouldn't. I did this on CRL. Bot by myself (and sweated)but was proved right.

Ross