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

To: russwinter who wrote (11161)	5/19/2003 9:26:55 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 39344

Russ - Here's the SUF floor price agreement: ..."One of the requirements of this loan facility is floor price protection on platinum and palladium production. To satisfy this condition, an agreement has been entered into with a major international automotive company. This five-year agreement provides for a guaranteed minimum weighted average floor price of US$400 per ounce for platinum and US$370 per ounce for palladium. The agreement also provides for a weighted average ceiling price of US$600 per ounce for 80% of platinum production and US$658 per ounce for 100% of palladium production. The contract covers up to a maximum of 232,000 ounces of platinum production and 178,000 ounces of palladium production over the five-year life, which represents approximately 3% of the current known PGM resource. At the option of either Messina or the automotive company, the contract may be terminated should the loan facility be repaid in full within the five-year contract period. newswire.ca

To: russwinter who wrote (11161)	5/20/2003 12:33:36 PM
From: marcos	Read Replies (1) \| Respond to of 39344

'and 370-658 for 100% of SUF's Pd production.' .... thanks, passed it on already, i had guesstimated a floor of 400 on the palladium, not too far off ... and it's on 100% of production, good .... share is b/a 4.80/5.10 right now, traded down to 5.00, which level seems sort of critical Can't see anything wrong with suf beyond the political risk category ... which is big enough by itself, lol ... they have their 1Q03 coming out this week, apparently, can't see any numbers in it being a problem .... ?? ... i don't want to steer these guys wrong, got an unbroken record with them, always stayed with the sure-thing class, bay/mfl/fgx etc