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


To: Chas. who wrote (6465)2/28/2001 10:02:35 AM
From: teevee  Read Replies (1) | Respond to of 7235
 
chuck,

teevee, you mean to say that you don't have a small position in Diamondex, Dsp, easy money for a diamond drilling company in Canada.

I played the continuation of the dyke through SUF. IMO, the source for the dyke is moot. If its genesis is tied to the Snap Lake fault, it will likely thin to the north as it did on the SUF drill hole. If the dyke originated on the King claims, the increasing pressure with depth will cause thinning at some depth. I prefer to let the drills do the talking and establish a position after the drill results and diamond counts for four or five holes are known.

DSP has a number of interesting indicator mineral trains elsewhere to follow up, and if anyone can track them to source, its Poikilenko, the Russian on DSP's exploration team. As we all know, most indicator mineral trains with good chemistry will lead to a diamondiferous kimberlite body, however, very few of these result in a significant discovery that will make a mine.

If Suf were to list on the LSE would they have to delist here in Canada ?

No. A dual listing is possible.

and are you sure about DeBeers reheadquartering in London ?
I hadn't heard that one ?


Yes, but just the corporate head office.

Considering DeBeers admiration for SouthernEras fissure mining abilities I wonder if they (DeBeers) will seek their(Suf) expertise in the Snap Lake adventure ?

I don't think so. Snap Lake is not a typical fissure.