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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%Nov 17 4:00 PM EST
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To: goldsheet who wrote (55579)6/30/2000 3:19:51 PM
From: Enigma  Read Replies (1) of 116762
 
The potential here is for far far more than 5 million ounces. The problem IMO was that Pangea got into bed with Barrick with the pp last November - also the granting of a right of first refusal to ABX on 70% of Tulawaka gave the srong message for competing bidders - even for the stock. Too bad. I think the company tried to drum up bidders from oter majors including Placer - but failed. The option of waiting and doing more drilling obviously was rejected too.
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