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

To: Ross Orr who wrote (5666)2/11/2000 12:14:00 PM
From: gemsearcher  Read Replies (1) | Respond to of 7235
 
Hi Ross.

Don't want to pre-empt Phil , but I don't think you are missing anything. I went gaga on SUF when Messina was announced last spring. Have spent the last few months scratching/beating my head and averaging down. IMO , SUF should be trading in the $6-8 range on the basis of Messina alone (see PTX) , and could steadily climb from there if they are able to establish further reserves at Messina .

IMO , things could get very interesting if the market does not accord Messina the valuation respect it deserves post-acquisition.

Regards.



To: Ross Orr who wrote (5666)2/11/2000 8:39:00 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 7235
 
I think the diamond assets are probably worth about $2 per share, giving zero value to Angola. 50% of Messina might be worth $6 per share or so, Looks like a good bet here even though they might have to raise US$60 to 70 million to pull this off,

If you want to sweat a bit, they'll be looking for underground miners soon.


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