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Gold/Mining/Energy : southern africa minerals -- Ignore unavailable to you. Want to Upgrade?

To: Neil Thomas who wrote (260)	2/19/1999 1:07:00 PM
From: chomsky	Respond to of 314

Neil, my thoughts exactly. It's like this company is not promoted and nobody knows anything about it, except the shareholders who know it's undervalued and aren't selling. So nothing happens. SAF and Noranda are potentially putting a mine into production on their Caber property[ any news on that by the way], they are finding kimberlite pipes in Africa and no buying interest at all. We'll have to wait and see what will come of it. Best of luck, Chomsky

To: Neil Thomas who wrote (260)	2/19/1999 6:32:00 PM
From: Leo Raftis	Read Replies (1) \| Respond to of 314

Neil you are absolutely right we are not getting the following we deserve,but Denis came back thursday night after meeting with the Noranda brass in Matagami with a fesibility study on caber south and drill results from caber north which is turning 5 drills at present.I think institutions would rather pay 2-3 dollars a share knowing what Noranda intends to do with this project and most inportantly results from the caber north.I spoke to Wayne and understand we will get an update next week at which point i will make a decission to hold or sell if the stock still does not move,but i was incouraged that midland started to by late in the day!!.Best of luck to all LEO

To: Neil Thomas who wrote (260)	2/22/1999 6:33:00 PM
From: dave brown	Read Replies (1) \| Respond to of 314

Neil, Your calcs. do not include realized recovery rate nor cost to mine, mill and smelter. What is the capital investment required, rate of return on investment and mine life? Is there enough ore to justify capital expenditure? These are all questions Noranda is trying to solve. Until they do, this is just another great opportunity. This story is most definitely one to watch very closely. And the stock will gap higher one day. Patience will likely be rewarded.