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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Wade who wrote (45)	2/15/1997 9:51:00 PM
From: Neil Irwin	of 1178

Pangea was one of the "Pro's Picks" in this Saturday's Globe and Mail. Ms Jackee Pratt is the manager of Maxxum Natural Resource Fund, which had a 42.5% return last year. She listed Pangea as her second choice (the first was Birim Goldfields), and the paragraph was: "Pangea Goldfields is a well-financed junior gold exploration play. Its strategy is to diversify exploration risk through joint ventures in Canada, Tanzania, Peru and Mali. Ms Pratt says Pangea's diversified portfolio offers a better chance than can be found in many firms dependent on single properties. Target price: $10." This would be an 85.2% return if PGD reaches her target price. Her other picks were: Birim Goldfields (current: $1.60; target: $3) (= 87.5% return) Scorpion Minerals ($7.80; $12) (53.8%) General Minerals ($7.45; $15) (101.3%) Southernera Resources ($8.25; $15) (81.8%) Carmanah Resources ($5.55; $9) (62.1%) Upton Resources ($11.40; $15) (31.6%) Neil.

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