Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marcos who wrote (3041)	4/21/1999 12:00:00 PM
From: Gord Bolton	Respond to of 7235

moneyweb.co.za Looks like financing has already been arranged. There will also be nickel, copper and cobalt credits. Get those fuel cells going and there will be plenty of demand for PGE's.

To: marcos who wrote (3041)	4/22/1999 4:11:00 AM
From: Paul Bilecki	Respond to of 7235

Great Canadian Diamond Sale: Get your Canadian Diamond Stocks for real cheap. Canadians are stupid. Canadian Banks and capital markets will not lend Canadian diamond exploration and development companies money, so they can be had real cheap. Boy are they stupid. Get your Canadian Diamond stocks real cheap. Ha Ha, Debeers, BHP and RTZ have already been swiping half or more of them for a steal, the rest is to be had for even cheaper. I wish these Canadian newsletter writers and stock churn (CDN Brokerage Firms) companies wouldn't put out recommendations. They all bug me.....because they have been no help in keeping this industry Canadian so far. They all should be ashamed of themselves. As we bend over to pick up the pennies we trip over the dollar bills. CANADIANS WAKE UP AND SMELL THE COFFEE, THE CANADIAN DIAMOND TREASURE HOUSE IS BEING STOLEN BEFORE YOUR VERY EYES.

To: marcos who wrote (3041)	4/22/1999 8:51:00 AM
From: gemsearcher	Read Replies (1) \| Respond to of 7235

Hello Marcos. Thanks. I have quickly scanned the ML report. ML's base case gave rise to a conservative valuation of just under $4 per SUF share. This was further discounted by the following conservative assumptions: - SUF issuing 4 million shares at $5/share to fund capital requirements {note no indication SUF would do this; SUF exploring several financing alternatives , including rights offering in Messina , sale of royalty interest , sale of minority interest to black empowerment for cash etc.) - platinum prices averaging 10% less than ML's long-term forecast of US$420/oz -palladium prices averaging 20% less than ML's long-term forecast of US 285/oz - capital/operating costs higher by 20%(base model already employed higher #'s than those forecasted by SUF) - a 1X price/NAV multiple (i.e. no gold like premium) -base model assumed 20 year mine life -IOW , pretty conservative Regards gemsearcher P.S> all the above assumes a 54% interest; the price paid by SUF for the 54% represented an 84% premium over current share price and SUF intends to make same offer to minority.