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

To: S. E. Baker who wrote (1710)	7/2/1998 2:57:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 7235

Hello S.E.Baker Whoops goofed on that, sorry. Should read DB gave up 40% of M-1 & 3 to get 60% of Blue Sky on remainder of the Marsfontein farm SUF/RG controlled properties. I understand the "3" to be a small satellite but not very much has been written about it. I read the SUF article in the Financial Post Magazine last night which if you have not read, I would highly recommend. It gives a very good summary of where we were and where we are. It also gives substance to some of my recent conjecture as to where we are going? According to the article David Glad-Glaxton (Klipspringer's Mine Manager I believe) feels that he could develop the fissures in such a way as to rival the production of a pipe. The article did not say what size pipe but the faint suggestion was similar to Venetia, which is running 12,500,000 carrats vs SUF at 1,000,000 as of the writing of the article. When the author pointed out that this production is not achieved in any other fissure mine in the world, DGG replies no other fissures are 42 km long. He was on the team that developed Venetia, which apparently took 13 years to get into production. He goes on to be quoted that SUF have achieved the same progress in 9 months albeit on a smaller scale. Regarding the Marsfontein blue sky and my speculation about DB wanting a piece of the remainder SUF controlled. The article suggests that geologist believe the M-1 is a remnant, the eroded remains of a much larger pipe. Apparently the geologists are intrigued by the possibility that the down slope gravel's from the M-1, may well contain the concentrated remains of the eroded pipe in addition to the probability of other pipes that are apparently indicated by some EM surveys. One can not help but wonder as well, that if SUF/DB find rough in some paleo gravel's below the M-1, might they not also find such deposits below the entire lengths of all of Klipspringers kimberlite deposits? The general consensus of all the geologists is that Klipspringer is an entirely new kimberlite field and SUF holds the largest contiguous land package on top of it, and also apparently in the entire country. The fact that DB's has been assembling properties around Klipspringer therefore suggests to me that they are hopeful both of nailing other pipes but also of coming up with paleo gravel deposits which are traditionally quite lucrative and economic to mine. This story is still very very young. Regards