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


To: GULL who wrote (1828)7/27/1998 3:34:00 PM
From: BozkurtD  Read Replies (2) | Respond to of 7235
 
Hello Gull..

I would like to remind you what I have posted was not an official SUF announcement but based on an informal phone conversation I have had with Mr. Freeman. In my posting, I have mentioned that he was being conservative. For example, he told me that, the plant can possibly process 60000 tons/month but he wanted to use 50000 tons/month figure. Seems like the M1 diamonds will be higher than $150/carat but he wanted to use that number. By the same token, when they reach the full production, the average carat per ton rate could be higher than 2.25 but my understanding is that he was playing it safe.

Regards

Bozkurt