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

To: PHILLIP FLOTOW who wrote (6635)	6/9/2001 9:24:09 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

----------------April 15th, 1999----June 09, 2001 Platinum--------US$360per ounce-----US$600 Palladium-------US$370per ounce-----US$620 Rhodium---------US$820per ounce-----US$1800 SUF share price-CAN$5.50per share---CAN$4.10 MES share price-SARand9.5per share--SARand50.00 SUF % or MES----54.17%--------------70.4% Resource to-----Million ounces------Million ounces 1000 meters-----10.48---------------15.9 Production cost-US$150per ounce-----US$150per ounce SUF's% resource*10%----US$122million-------US$512million SUF should be trading at CAN$25 per share on Messina alone April 15th, 1999 The total resource for the above two sections to 1,000 metres, is 51 million tonnes at a grade of 6.4 g/t PGM + Au, containing 10.48 million oz of PGM's +Au. There is further potential for substantially increasing resources on the property both westwards along strike and down dip. TORONTO, Feb. 8 /CNW/ - Following an independent audit, SouthernEra announced today an updated platinum group metals ("PGM") resource of 15.9 million ounces at its 70.4% owned Messina project in South Africa, representing a 60% increase from previous estimates. Of this updated resource, approximately 8.2 million ounces are in the measured and indicated category contained in 41.6 million tonnes at an average grade of 6.1 grams per tonne "This offering will be used to maintain the momentum of Messina's project development as we complete the project's financing by purchasing additional shares from Messina's treasury thereby increasing SouthernEra's ownership in Messina," said Mr. Evans. "A primary objective for SouthernEra in the financing of the Messina project is to maximize the SouthernEra shareholder's participation in Messina's cash flow."