Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: russwinter who wrote (999)	5/30/2000 12:10:00 PM
From: timbouctou	Read Replies (1) of 1178

Or it could be 1.38 millions ounces at US $60/oz. IMO Tulawaka cannot be evaluated in the $30-$35 range but in the $60+ range. It's unique combination of high grade/low cost/high recovery rate with the fact that there is 1.1 million oz proven in open pit (still open laterally, with a new vein found which will likely mean much more open pit than we now have), higher grade as we go deeper etc etc. It is likely one of the best property available with still lots and lots of untapped potential. IMO your calculation are valid for PGD as a whole, without Tulawaka. Add Tulawaka and you are adding an other $10 to the share value.

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