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

To: Wade who wrote (136)	1/7/1998 8:15:00 PM
From: stephen	Read Replies (1) \| Respond to of 1178

I am a long time player in the gold market and can't believe that more people aren't buying this stock at these levels. Nesbitt Burns came out with a twelve month target of $2.80, while Midland Walwyn has a target of $5.50. Virtually every gold analyst I talk to likes this company in a big way. Obviously, gold has to rebound before there are any significant valuation climbs, but it amazes me that so few people in the mining circuit talk about this one. Does anyone out there know who else covers Pangea besides Nesbitt, Midland, Sprott Securities, and Canaccord? I am looking for as much positive (or negative if there is any) info on this stock as I can find. I've talked to several brokers in Toronto and they all think PGD is a great opportunity. We all are concerned about the declines in gold, but gold is cyclical and should recover sometime this year. If it does, Pangea should flourish. Anybody out there agree? Disagree?