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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: silver bug who wrote (174)3/23/1999 6:36:00 PM
From: salva  Read Replies (2) of 1178
 
PGD IS WORTH C$5 to 7.00/sh now!!!

Let me explain. First if you would read some of my posts in the ARP
(Argentina ) thread (#'s 3134,3145,3149) toget a feel of what I think about the "tulawaka" property of PGD & MDN in Tanzania.
Its big if not bigger than Suttons bulyanhulu property in Tanzania
Whats Sutton worth? We all know Barrick bought it for (~C$525million)

Well if your broker is consulting you properly, based on the 'announced' assays readings of the two anomolies in the Tulawaka
property alone we may have about 1 1/2 to 2 million oz gold!--under
80 meters at a production cost of < US $ 60.00/oz - that leaves us near Us$ 220.00/ oz gross profit!!(its rally open pit minining)

When the independent consulting announces the reserves in a month or so--this is very important--- they both
PGD and MDN have hired an INDEPENDENT consultant to make the reserves
estimates-why? cause the majors who want to buy them told them to do
so!! they will confirm the ~ 1 1/2 to 2M oz number.
Then the fireworks should begin.

G. Currie of Cannacord capital who visited the Tananzia properites
of PGD an MDN already tipped off his coustomers (via his newsletter)
of "at least 1 million oz " find.

BUT thats only the begining- the Tulawaka property will prove to be as big as Suttons 8 million oz find---to be confirmed this spring/
summer. Drilling is to continue til summer at least.

You say PGD is a better play cause of all its cash and properties.
On the surface it appears so. But for a major to buy PGD may be
"a little complex because of its many partnerships".
Its very simple to buy MDN (M)!! And they are WILLING to be bought
out!
My sources tell me that at the PDAC convention last week in toronto
a MAJOR who is very active in Tanzania started discussions with MDN !!

So I believe MDN will be bought out first.
RGDS
salva
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