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

To: Gord Bolton who wrote (2830)	4/11/1999 10:06:00 AM
From: Confluence	Read Replies (1) \| Respond to of 7235

Hello Gord, Jsut a few thoughts: What if the Zimbabwe page was being constructed for something else? To depend on Kennecott for any news is a horrible thing. If and when they feel like making an announcement, they will, but we shouldn't let expectations of news from these turtlish folks get us down. While de Beers is the operator at Marsfontein, it is my understanding that mostly SUF people are doing the work. Statistics from production should be available at least monthly from SUF, with valuation numbers on a 2-3 month lag. I'd expect exploration results to be somewhat less forthcoming as de Beers history is one of sitting on discoveries. It took SUF to find M1, or if you believe de Beers, they didn't deem the richest pipe in the world worthy. Also, the de Beers time from discovery to production makes Kennecott look speedy. So, based on new finds at Marsfontein, we may have preliminary good news over the next while, but I'd be surprised if mining plans were developed quickly. Fortunately, M1 lifespan is still well over 2.5 years. And from the map with the recent release, the trend of the anomalies clearly links up with the 100% Klipsringer farms! I'd have to say that I agree with Vaughn regarding Munn lake. While success at finding mineable fissures at Munn and Snap might work towards some type of economic regional facility, the point is that SUF has already found several dyke/fissure systems in the area and decided to walk from them. While WSP success would be a great help, I'm not sold until grade, firstly, and valuation, secondly, are convincingly demonstrated. The main problem that Canadian analysts have in SUF's future is the cash flow from the Leopard fissures. It is ready to mine now, with no investment needed to bring it into production. I like the odds of hitting an economic pipe soemwhere in the Yamba vicinity. The area has over 30 pipe-looking targets, and with the odds being about 1 in 20 diamondiferous pipes proving economic, and the drilling being seemingly easier, I'll pin my hopes there. Has anyone noticed the Tahera (formerly Lytton and New Indigo) has dropped back to the $.25 range? Another dime, maybe fifteen cents lower and SUF might be interested. They do have a great land position, but seem to need help in exploration. I'll still repeat, however, that SUF's main proven value lies in RSA. They have made money, they will make money, and now that they've been freed from external battles for some while, I think the good people at SUF will surprise again, like the CNB deal, on the exploration side. Regards, Confluence PS Gord, I've read much of your postings on other threads. Thanks for your efforts to educate! I find much of the info highly informative.