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

To: Peter Bourgeois who wrote (1609)	6/15/1998 3:11:00 PM
From: Blue	Respond to of 7235

Peter, it's the old story. Diamonds have the value they do because of the CSO. Without the CSO, many of the middling quality diamonds would be worth 25% less, maybe 50% less. It all comes out in the wash.

To: Peter Bourgeois who wrote (1609)	6/15/1998 3:12:00 PM
From: Rocky510	Respond to of 7235

Peter, figure in the corporate tax and it is more like 12 1/2%, Not too bad, plus there are great benefits in maintaining or increasing the price of high quality diamonds. Best regards, Jimmy

To: Peter Bourgeois who wrote (1609)	6/15/1998 10:09:00 PM
From: Lem45216	Respond to of 7235

Peter < What I meant by giving up 25% of Klipspringer was that SUF will now lose 25% of the value of all Diamonds at Klipspringer. I believe that is the price DeBeers charges for marketing Diamonds.> When the oil cartel failed it was a big loss to the oil companies outside the cartel also. SUF is benefitting from the cartel, and may have been willing to pay part of the dues. CF probably received a discount to the 25% dues, but if he did he will have signed a nondisclosure agreement or DB would have everyone on the door steps in the morning wanting the same or better deal. I hope and believe that we are partners now with reduced dues and restrictions. SUF and DB both won in this agreement. Go SUF let's nail the short sellers on the way to $10. Larry