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

To: VAUGHN who wrote (2650)	3/30/1999 12:49:00 PM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 7235

Vaughn, Of course, stability in Angola wouldn't hurt. That may be a long time coming. The following is a feature story from the RSA Mail & Guardian: africanews.org Sadly war in Angola has become a way of life, rather than an option. PHIL

To: VAUGHN who wrote (2650)	3/30/1999 2:00:00 PM
From: Goalie	Read Replies (1) \| Respond to of 7235

Hello Vaughn: Your points are well taken. What is still puzzling to me is here we have a company with solid earnings; no debts; good properties and cash flow (from SA) which, I am sure, will be used for financing Cdn exploration! South of the border, earnings are key to success on the markets as we have seen in the past few weeks. Earnings doesn't seem to matter with Cdn investors. And the growth is spectacular -- In one year, SUF climbed from a junior to a producing mining company. The M1 property, I suspect, will have more than just a couple of years' earnings; it'll be more like 4-5 years if current delineation proves it. Then Klipospringer/Leopard plus M3 will provide a steady cash flow for NWT ventures. And, this is where I strongly agree with you. Now that the coins are there to invest in Canada's North -- without diluting investor value and getting into major debt like some others in the North -- we can look forward to the discovery of economic pipes at Munn, Margaret, Back etc... So, Howard, keep on drilling....! Regards. Goalie.