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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (123)	10/11/2001 4:29:46 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

Russ, IMR will have its first results out next Thuesday or Wednesday on Rio Tabaconas. Hope you remember what were some surface results: "sampling of a newly discovered outcrop of massive to semi-massive sulphides produced an average of 27.2 grams per tonne gold over an apparent true width of 8.55 metres, including a higher grade sulphide-rich core zone of 35.85 g/t gold over an apparent true width of 6.45 metres" And soil samples: "Sixty-two soil samples taken from the eastern extension of the target averaged in excess of one g/t gold in the B soil horizon (residual soils), with several values in the range of two to 18 g/t gold ". They are drilling 30 shallow holes form 15 drill locations to test the structure near surface (50 meters). Next phase will go much deeper depending on results. A wise strategy I think as they cover a lot of ground with little money.

To: russwinter who wrote (123)	10/11/2001 5:13:37 PM
From: marcos	Read Replies (2) \| Respond to of 39344

Rtz is the largest single suf shareholder, aren't they ... and they've got a member on the board, Martin [?] .... i dunno, interesting question, i guess you'd have to look at the alternatives from their viewpoint, like maybe if somebody else might want Messina possibly at some point ...... the pro to it is the impressive earning power of Messina of course, with both Klipspringer and Camafuca seeming to show promise again ... then, weighing against the stock now are the memories of Marsfontein petering out fast, combined with Camaphuqueup and previous Klip disappointments, and board infighting, etc etc .... none of which is likely to influence a professional judgement, so you're left with The Big One - political risk .... will RSA blow up or not, and if so sooner or later? ..... question makes retail nervous, no doubt about it eh ..... as for scuttlebutt, i don't know, don't get out much, so no idea ... but i'll raise your question on the suf thread .... cheers ps - i haven't added yet ... the 'if it can't break three loonies what's the point' theory