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

To: Chas. who wrote (6638)	6/10/2001 9:23:31 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

-----------------SUF--- vs-----------ABX Shares out-------31million-----------400million Share price------CAN$4.10------------CAN$26.00 Market Cap-------CAN$127.1million----CAN10400million Resources--------11.19million ounces 84million ounces -----------------PT and PD-----------Gold Production Cost per ounce---US$150--------------US$150 Current market price----PM US$610----Gold US$273 Resource Value X %10------US$514.74million-----US$1033.2million Based upon resource value if SUF were trading at the same discount as ABX, SUF would be trading at CAN$170.00 per share. Can you figure out why some of the big boys are watching SUF with interest?

To: Chas. who wrote (6638)	6/10/2001 10:32:26 AM
From: teevee	Respond to of 7235

chuck, Regards the stock market and speculation thereof...... Real value is meaningless to a degree....... Perceived value is reality. Yes it is, at any given point in time, but often perceived value is either high or low relative to a measured value based upon certain variables such as share capitalization, costs, commodity prices, debt, time value of money etc. Isn't that where there are investment opportunities-the diference between perceived and measured value? Actually, measured value might be too conservative...I much prefer Gord Bolton's comparative valuation method:-))gggggg cheers, teevee

To: Chas. who wrote (6638)	6/10/2001 6:56:31 PM
From: Valuepro	Read Replies (1) \| Respond to of 7235

Chuck, "Real value is meaningless to a degree......." Uh, what? There are many types of value, Market Value being of interest to most people. No text on the subject will include the term "real value" as that begs the questions, "Compard to what?" Again, "percieved value" is also vague as is does not address the nature of the value considered. Here are some valuation terms more applicable to questions of this sort: Market value, Liquidation value, value-in-use, Book value, Replacement value, Reproduction value, Capitalize value, Depreciated value, and many, many more. VP