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


To: Gord Bolton who wrote (3373)5/16/1999 1:48:00 PM
From: gemsearcher  Read Replies (1) | Respond to of 7235
 
Hi Gord.

I had taken a similar stab , and ended up at roughly the same net income # for Q2. I had a slightly lower throughput guess , slightly higher average value per carat. A significant variable that is difficult to account for is how the JV manages the production quota under the marketing agreement. In any event , I am really looking forward to M3 pipe #'s and further news on M5 gravels , M9 and all the other "M's" for that matter. I think as the summer progresses , we (and hopefully the rest of the market) are going to learn that Marsfontein has a much longer life post M-1 depletion. I also believe that the other shoe that I have been waiting to drop on Camafuca will drop with a thud. Gotta run - there is almost as much blue sky here in T.O. as in Southerneraville.

Regards