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

To: GULL who wrote (1867)	7/30/1998 4:45:00 PM
From: Peter Bourgeois	Read Replies (1) \| Respond to of 7235

Hi Gull! I believe that the market is placing very little if any value on the Angolan properties. It is only a matter of time before that situation gets resolved. At that point then we shall see. In the meantime SUF still has not pulled out as yet, althought that might occur. If they do pull out it may be only for a short period of time. Who knows what the future will bring in Angola. Even if the Rebels were to take over, and that IMHO is far fetched, then they will still have to deal with companies to develop the minerals. CJ in his CBC interview said that in his opinion "which I value" the stock should be around 11 to 12 dollars. Since he usually always understates and takes the lowest value, then $14.00 does not seem to me to be out of the ballpark. Cheers !!! Peter