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

To: VAUGHN who wrote (1635)	6/17/1998 3:50:00 PM
From: nempela	Read Replies (2) \| Respond to of 7235

Hi Vaughn I agree with the premise that, at least in the short term, the market will place a premium on a discovery in Canada (compared with SA or Angola). As a mitigating factor for SUF in SA, the logistics of the Klipspringer mine (proximity to transportation, etc., as compared with the NWT) should emerge on the positive side. As production ramps up at Klipspringer, as set out in the AR, I expect that perception and reality will realign, and SUF's true value will reassert itself. However, I do agree with your comments and your assessment of the unfortunate circumspection with which foreign mining companies may view SA as a result of the extraordinary way in which DB ended up with a claim on part of Marsfontein. Incidentally, someone sent me a copy of the Jan-Feb '98 issue of the magazine "Canadian Geographic". It contains an article with an entertaining description of some of the discoveries in the Northwest Territories. Although the article doesn't really offer anything particularly new from an investment point of view, I thought it was a very good read. It can be found on the Web -- the site uses frames, so it's difficult to give you the particular URL for the exact page, but if you go to cangeo.ca then click on the cover to enter, click on "Recent Issues" in the left hand frame and then page down in the right hand frame to the January-February 1998 issue, which has a link to "Feature: diamonds under ice by Jamieson Findlay" There are various mentions of SUF, Ekati, BHP etc. By the way, thanks for your kind words yesterday, and yes, I'll certainly be around to add my .02c worth here :-) Regards, Nempela

To: VAUGHN who wrote (1635)	6/22/1998 5:14:00 PM
From: Andrew	Read Replies (2) \| Respond to of 7235

Hello Vaughn. Thankyou for your response. Looks like SUF is starting to move up a bit, I'm glad I picked up another 3000 last week. After crunching some numbers through my calculator I figure we should see about $5.00 a share in cash flow from all SUF operations, before taxes and expenses, over the next year once production from M1 starts next month. Even though we have only 40% of M1 stock looks ridiculously undervalued at this point. Is anyone else on this thread planing to go to the AGM? Regards, Andrew