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Gold/Mining/Energy : Pangea Goldfields T.PGD -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (993)5/26/2000 4:59:00 PM
From: Jimsy  Respond to of 1178
 
Pangea-t a whole new situation now, 13 properties in Tanzania, with really good drilling results coming in. Barrick took out Sutton at about $200m and Pangea is right next door on some properties. If Barrick were to take a run at Pangea for $200m, this might be a $10 stock. Many of the properties are 100% Pangea, but there are 2 jv's with majors, Barrick and Ashanti. THe Barrick one has firmed up a resource of >2m oz I think, but more drilling has been done and not reported. Actually a lot more drilling has been done, and some may get reported next week prior to the AGM June 7th. Lots of analysts have reviewed Pangea and many have been on site in Tanzania. So we c, we closed at $5 today a new high for quite some time.



To: Enigma who wrote (993)5/26/2000 6:22:00 PM
From: russet  Read Replies (2) | Respond to of 1178
 
Hi E,

Have you checked out Tan Range (TNX.v).

http://www.tanrange.com/

Barrick has, so has Newmont and Ashanti(gggggg),...well Newmount has ;-) Getting some press in the Northern Miner, and have recently been getting some interesting drill holes with Newmont at Luhala.

http://www.tanrange.com/pdf/TNXNews24May2000.pdf

May be a way for Newmont to jump into the fray in the Lake Victoria Goldfields. They also have property on the North and East boundaries of Barrick's Bulyanhulu property called Itetemia.

This is where my profits from PGD have been going lately. Very grass roots at present, but this year's coming drill programs supported by Newmont and Barrick could change that by the end of this year.