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


To: russet who wrote (2672)3/31/1999 1:46:00 PM
From: Gord Bolton  Read Replies (1) | Respond to of 7235
 
Double bottom at $6.00. Big bid just appeared. Up escalator.



To: russet who wrote (2672)3/31/1999 2:48:00 PM
From: VAUGHN  Respond to of 7235
 
Hello Russett

Yes, but the cost of mining those gravels and stockpiled material is near nil and the dilution really doesn't matter so long as the total number of carats remains roughly what CJ indicated. Even mining that diabase/kimberlite will be less expensive as the M-1 pit will no doubt be used as a means of accessing it from the 150m level and caving it in along strike from underneath. If it is consistently as wide as suggested, dilution should be minimal beyond the drilled grade.

One thing we should all always keep in mind, is that it is an SUF policy, to understate what they are doing and finding and let results prove them conservative.

You rarely observe mining results coming in less than what were predicted.

Like I previously posted several times, I am convinced we will see a lengthy list of positive and exciting news releases this year. CJ's is just the first of many more to come.

Keep the faith.

Regards