To: George J. Tromp who wrote (2007 ) 4/16/1999 7:32:00 PM From: VAUGHN Read Replies (2) | Respond to of 2251
Hello George Thanks for the SUF plug. Several NR's out on SUF this week and last, all with some significant bottom line potential and risk diversification. The latest today on the world's largest kimbrlite the Camafuca pipe. Also of interest is the market's attention now being focused on SUF's three junior partners on the Yamba Lake play. Just today: TQY closed at $.38 up 52% on 53,000 shares MIY closed at $.18 up 29% on 230,000 shares CAV closed at $.13 up 8% on 104,000 shares These are all pennies that had a 52 week bottom of around $0.05 in the last six months and closer to six weeks ago and MIY has had several volume spikes over the past week in the 800,000 share range. Drilling has now commenced at Yamba Lake on the first of those ground mag and geochemical confirmed targets and several have excellent high grade potential suggested by their J-7 through 10 pyrope grading. I am convinced this is going to be the play of the year in the junior market and expect initial drilling results next week with repeated news throughout the summer and fall. We have a property with six proven pipes next to DiaMet, geometrically in line with all the Lac de Gras economic pipes, 50km north of Lac de Gras, multiple pipe targets near Lac de Gras, a highly reputable operator, G-10 (J-7 through 10) pyropes (high grade kimberlite), excellent illmenite and chrome diopside chemistry and somewhere around 40+/- low level geophysical targets a number upgraded by ground mag surveying. Many of the targets are under small discrete lakes and can be drilled throughout the year. This story is going to be around for a while. I hold all of these and am already well ahead. Have a good weekend. Regards