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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (577)	4/19/2001 9:29:05 PM
From: teevee	Read Replies (3) \| Respond to of 8273

deja vu?....a major gold mining company toured the eastern Bushveld last week looking at advanced PGE projects. Messina was visited. Another major gold producer is rumored to be touring PGE projects in the eastern Bushveld this week. I can't seem to shake an unpleasantly familiar notion that one of these mornings SUF shareholders will wake up only to find out they have been winspeared by a hostile takeover offer before SUF can get into production. When I consider that Barrick paid over a $Billion for Arequipa with only 7 million ounces of gold at a grade of 4 gms/tonne at US$300/ounce and SUF is developing over 20 million ounces of PGEs at 6 gms/tonne with PGE's trading at over US$600/ounce, SUF could probably be stolen for $10/share or a little over CDN$300 million. Large gold mining companies have this kind of cash kicking around.