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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: LaFayette555 who wrote (251)10/5/1999 10:47:00 PM
From: salva  Read Replies (2) of 1178
 
You will remember Francois how much I wrote on this subject in the Argentina thread-just go backand reread my posts.
If you had bought then you would be laughing now.
It has nothing to do with the rise in gold prices- The findings in the Tulawaka properity owned 70% PGD and 30% MDN are enormous- just look at the last press release by the above -that was about just ONE HOLE .More results are expected cause the release said about 900 m of drilling has been done out of 2500 m of diamond drilling- so more hole results are (in the lab) expected in next few weeks.The first drill hole was 150 m- so that means another 5 diamomd drill holes have been done and results will come out later.

Hold on to your hats!

My own speculative opinion is that someone has to buy these two-they are the only ones left in Tanzania and this finding is rumoured to be as big as Sutton-which Barrick bought for (i think) $550 million
-at lower gold prices!- so these two are worth at least the same
values if not more! ( its the same geology-re my past posts)

What does that give you per share-look up the outstanding shr for both companies and dont fall off your chair!!!!!!

These two will be big --did you see the volume today in PGD

LOL

Rgds
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