Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: russwinter who wrote (999)	5/29/2000 5:22:00 PM
From: timbouctou	Read Replies (1) \| Respond to of 1178

IMO PGD is a better/safer play than TNX, with still lots of upside potential spread over many more properties. We all know that a take over is in the works, just a matter of time. May be, then TNX would be an other play...

To: russwinter who wrote (999)	5/30/2000 7:51:00 AM
From: Enigma	Read Replies (1) \| Respond to of 1178

Very good post Russ. Puts the share price in perspective with little speculative value built in so far. In fact at this price we're undervalued. d

To: russwinter who wrote (999)	5/30/2000 12:10:00 PM
From: timbouctou	Read Replies (1) \| Respond to of 1178

Or it could be 1.38 millions ounces at US $60/oz. IMO Tulawaka cannot be evaluated in the $30-$35 range but in the $60+ range. It's unique combination of high grade/low cost/high recovery rate with the fact that there is 1.1 million oz proven in open pit (still open laterally, with a new vein found which will likely mean much more open pit than we now have), higher grade as we go deeper etc etc. It is likely one of the best property available with still lots and lots of untapped potential. IMO your calculation are valid for PGD as a whole, without Tulawaka. Add Tulawaka and you are adding an other $10 to the share value.

To: russwinter who wrote (999)	6/1/2000 9:48:00 AM
From: Enigma	Read Replies (2) \| Respond to of 1178

Russ - note what you say about TNX - stock isn't doing much - is it because the geology is highly 'prospective'? You'd think the proximity to Buly would lead to a higher speculative value - the reefs appear to be headed for the SW corner of the play - but it looks that the chances of major continuity are greater on Buly South?? Was anything said I wonder at the MDN meeting I wonder - somehow I doubt it as the drilling at Tulawaka is still no doubt under wraps hopefully to be disclosed at or prior to the PGD meeting next week which I will be attending. With such a slow 'burn rate' you'd think that an extra drill or two could be committed to Tulawaka, and its neighbouring property - especially with the funds pending from the exercise of options, warrants. IMO the action in the stock recently is not speculation on drilling - but on takeover possibilities. The issue of good drilling results will help shore up, and justify, the stock price - and increase it if new zones are discovered or extended.