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

To: Andrew who wrote (5865)	3/23/2000 12:57:00 PM
From: russet	Respond to of 7235

PFN, very promotional group,...and good at it. They are not initially looking for a Merensky style reef with the higher gpt PGM's, but looking for a contact zone deposit like North American Palladiums Lac des Iles deposit,....low gpt, but big tonnage. Amplats is financing the program,...I imagine they will spend a few years looking before they pull the plug, unless of course they find the mother load. There is a large amount of PGM outcroppings spread out all over the property. They need to connect the dots and find significant tonnage. With the above context in mind, and about 9 million undiluted shares out, the market cap is a low $14 million at $1.60 versus PDL's $100 million. $1.60 is a wee bit high, but Amplats has given them a lot of credibility. There are a lot of small investors in this one. It will be a good case study in market action one day.

To: Andrew who wrote (5865)	3/23/2000 1:59:00 PM
From: crudestope	Read Replies (1) \| Respond to of 7235

Dear Andrew, I am not an investment adviser and am not suggesting that you buy PFN at present levels. I, however, mentioned the company on this discussion panel when the price was around 46 cents. So anyone who bought then should be happy! Nevertheless, keep an eye on International FreeGold and also East West Resources should PFN's assays be good. They'll be screaming buys in my opinion, for what that is worth!!!?!!!...... The proceeds you can invest in SUF. Regards, Crudestope.