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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: George J. Tromp who wrote (1113)6/30/2000 9:11:50 PM
From: Enigma  Read Replies (1) of 1178
 
PGD has about 3.2 million ounces and counting - quite a lot of drilling is in the works - the value for Barrick on top of all this is considerable because of the location and potential of Pangea's properties - and much of the ore can be processed at Barrick's Bulyanhulu Mill which is designed with spare capacity for this kind of eventuality. Also there are the properties in Peru and Pangea's 20% net profits interest in the Tiomin titanium deposits in Kenya. This stock was over $8/share 4 years ago - a higher POG admittedly, pre Brex-X admittedly but at nothing like the development stage it is at now. I think PGD have been like lambs to the slaughter here.
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