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

To: teevee who wrote (6846)	3/16/2002 11:23:06 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 7235

london broker s.a. pgm valuation Posted By: jimcarless Post Time: 3/16/02 04:34 stockhouse.com. acc to recent beeson gregory report average for market capitalisation of s.a. pgm producers: pgm resouces usd/oz: 25.47 (lowest is usd 13/oz) reserves usd/oz: 43.29 2004 production '' : 1694 (lowest is usd 764/oz) messina/southern era are not included in the calcs. on the average basis then suf have 70.4 pct of 15.9 m oz pgm resource worth $285 million or can$453 million. 2004 production is a shot in the dark, but if expected 500,000+ oz pa in 2006, then 2004 production may be double 2002/3 i.e. 318,000 oz p.a. worth $379 million or can$603 million. at approx 40 million shares that is can$11.33 or can$15 per share. this does not take into account diamond production in s.a., hoped for camafuca or millenium project, diamonds elsewhere, gabon etc etc., or better pgm resources than already shown a year and more ago.. happy to stand corrected on figures. first posting but suf holder since 2000 - jim Let me be Frank, and say $11.33 sounds good...even if it takes a year!!!! Frank