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

To: PHILLIP FLOTOW who wrote (6181)	8/25/2000 4:45:59 PM
From: Valuepro	Read Replies (1) \| Respond to of 7235

Hi, Phil and All I've not posted in a long time, but have been following things here. Some real talent and technical knowledge shown in posts of late. Thanks. I note the following from today's press release: "During the next six months, the Company will evaluate two promising new sources of diamond-bearing gravels which are thought to have eroded from the M-1 pipe and Leopard fissure. Both areas are located on ground held by the Company. If these areas prove to be economic, commercial exploitation could begin during 2001 using the existing processing facilities at Marsfontein." I recall Vaughn posting on this subject a couple of years ago and hearing CJ at a conference while he showed pictures of some early exploration in these gravels. I don't recall what the numbers were in those days, but in '99 the company said early tests of the M-3 area showed about 4.3 cpht (average economic recoveries in SA being about 3 chpt). I'm certain there a many, many stones to be found in the M-1 area and very likely the counts will be far higher than 4.3 cpht. Besides, transportation has a capacity of concentrating the stones into "glory holes." Costs should be cheap. With news on this front pending over the next six months AND likely drilling at McKay Lake, this rocket may be set for blast off. Let's hope so. BTW, this might help: southernera.com Click for the press release of June 15, '99 and go to the bottom of the page for a Marsfontein map (of sorts). Regards to all, VP