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

To: Peter Bourgeois who wrote (2367)	1/18/1999 4:57:00 PM
From: .Trev	Read Replies (1) \| Respond to of 7235

Sounds reasonable to me Peter. I remember years ago seeing rafts coming down a river in the foothills of the Himalayas that were made of inflated stitched up pig skins tied together. In that area labor was cheap and material expensive. The first generation of Coke cans used to get lifted out of the garbage, sold to a pedlar at the kitchen door, who in turn sold them to a tin smith in the market, who made candle holders and snuffers out of them and sold them back to the Canadians who threw them away in the first place. What a wasteful bunch we were!!!!

To: Peter Bourgeois who wrote (2367)	1/19/1999 10:47:00 AM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello Peter Can't answer with assurance why SUF can't jerry-rig a barge. LB indicated that flying one in certainly was not an option. On the other hand, why dragging one in by cat or Pasepartu can't be done might also be a question. I know the lake is very shallow in places perhaps even to the point of making a barge impractical in the summer, but that is just conjecture. Might also have to do with DIAND regulations or possibly Fisheries. Who knows? On a seperate matter. MIY indicated that almost all of their shares free trade while I believe a block or two of CAV's do not. MIY's do appear to be mildly more liquid even in the off season. Regardless, it would seem as if the math suggests that CAV shareholders might have roughly a 10 to 15% dilution advantage upon any discovery. Having said that, I am mildly more confident that MIY has a lesser need to dilute and raise capital than CAV. For all intents and purposes, CAV is more or less a one shot play for the time being, while MIY has a nice piece of MacDonald Mines and their Cuban gold play. While I believe they definitely want to see that developed, management is well aware just how out of favour gold plays are with the market. Hope I can have a ride when you launch it. Regards