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

To: buylowsellhigh who wrote (2258)	12/10/1998 5:11:00 PM
From: Goalie	Read Replies (1) \| Respond to of 7235

Hello BLSH! Good points -- the fire sale is on right now... tomorrow may be too late. I don't think SUF (CJ) will wait too much longer before taking some positive action! Where are all the promises from CJ about keeping investors informed on a regular basis? We heard him say that at the AGM! Instead of touring RSA, the money should have been spent on more positive investor relations activities, IMHO. There are EXTREMELY good stories to tell... diamond sales, M1 grading and production from the primary kimberlite, Camafuca grading, Klipsinger, alluvials, explorations, reference by Nick S. at SanFran gold show about a platinum deal and possible dividends being contemplated by the Board...etc. All that makes good copy for the average investor and perk up interest. Instead of continuing its steady rise to $12-$13 where it should be now, the stock is languishing and sliding further south! Does anyone at SUF care? It doesn't seem like it! Something must be going on other than year-end tax sale! Grrrrr... just venting frustrations... Regards. Goalie.

To: buylowsellhigh who wrote (2258)	12/10/1998 6:10:00 PM
From: BozkurtD	Read Replies (1) \| Respond to of 7235

Hello Buylowsellhigh, I don't agree with you. I don't think that this is only the end of the year individual tax adjustments. I think that SUF share prices are being kept low intentionally. If you were to sell the company today it is worth more than what it is trading at. Let us look at the facts: # M1 is a cash cow. There are at least 1,000,000 tons of ore. Average 2.5 (that is conservative) c/ton. Let us say $160.00(US)/carat. That is $624000000 CDN. And 40% of that is SUF's. That will make it around $10.00/share pre-tax value. # They are the 2nd largest mining-rights holder in NWT-Canada. # They have 51% of the Largest known diamond reserve in the world. # They have the Klipspringer and there are currently operations and mining going on there. # A lot of on going smaller projects. So, if you look at the big picture, on paper SUF is worth ,IMHO, at least $15 (That is as is) and it is trading at $7.00 range. Also, P/E ratio of the industry is still much higher than SUF's P/E ratio. (Look at Aber, Euro-Nevada etc.). No, I don't think that price came down this low unintentionally. I believe that something is going on and we don't know that. One way or another, soon we will be rewarded for our patience. Regards Bozkurt P.S. VP and Vaughn, Thanks for your responses