Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: timbouctou who wrote (459)	11/8/1999 9:15:00 AM
From: salva	Read Replies (1) of 1178

Tim: welcome back-thread has died down -along with price/volume! Am afraid we lost our momentum-If we had announced even 'some' of thse results during the gold run up and the high volume interest in PGD/MDN we would be over $5.oo now easy. But I think they might have been expecting a major or two to approach them for a take out cause gold looked like it was going to go tru the sky-but it didnt and no take out so now I believe they have turned to the investment community ( with the 'big' results) and indeed may have to drill more. This is the only way to convince brokers-investors of $ 50/60 value of gold in the ground. When I attended ASM in spring of MDN mentioned that a 'reserves' estimate would be made before yr end---(dont know if same was said in PGD -meeting) so am expecting somthing before yr end! With regards to possible 20,000m drilling - believe they will not do so until they run dry on this vein- Its dipped from the surface 40m to the 80-100m level and believe its running open--so expect them to continue until it dissapears--then they will probably try to catch it again with deeper drilling 150m-250 m range---and so your 20,000 m program idea may occur then. But this will mean further financing --especially for MDN! A pre emptive takeover may therefore occur. Remember Samax- believe they only drilled five diamond 250m holes and were taken out by Ashanti!--whereras Sutton spent millions $ before take out. One thing I am sure ( like you) we have a winner here--the worth is definetly in my mind 15$+ and Tulawaka alone may be worth that!! rgds salva

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