Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Enigma who wrote (993)	5/26/2000 4:59:00 PM
From: Jimsy	of 1178

Pangea-t a whole new situation now, 13 properties in Tanzania, with really good drilling results coming in. Barrick took out Sutton at about $200m and Pangea is right next door on some properties. If Barrick were to take a run at Pangea for $200m, this might be a $10 stock. Many of the properties are 100% Pangea, but there are 2 jv's with majors, Barrick and Ashanti. THe Barrick one has firmed up a resource of >2m oz I think, but more drilling has been done and not reported. Actually a lot more drilling has been done, and some may get reported next week prior to the AGM June 7th. Lots of analysts have reviewed Pangea and many have been on site in Tanzania. So we c, we closed at $5 today a new high for quite some time.

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