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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: russet who wrote (414)11/2/1999 7:26:00 PM
From: Syncrude  Read Replies (1) of 1178
 
russett,

When I get a chance, I will give it a try.

What I CAN say at this time, is that giving a value of $60USD for RESOURCES sounds way out of line. Even for reserves, this is very high given the early nature of the projects. Simple extrapolation suggests that a $15CDN share price would be very premature. Some very liberal assumptions were made about the quantity of reserves and resources in timbouctou's post 347.

I have shares in PGD and like the prospects, but try to stay away from the hype, which PGD certainly does not need.

What do your calculations show?
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