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

To: Jimsy who wrote (212)	4/4/1999 7:28:00 PM
From: salva	Read Replies (1) \| Respond to of 1178

PGD Is worth $200 million----or $10./share! You have this one pegged perfectly, jimsy. If you had time to read all my previous posts on PGD/mdn - Tulawaka- play I have indicated that also --and am also very convinced!! It has to play out! Agree that management of PGD is very professional and not interested in running stock up and down. But, just wish they would promote and educate the 'street' for previous investors (and insitutions) to get back into their $$$.. Anyway its starting to happen --chart is indeed looking UP! {{{{In light of the gold price situation, a rich deposit at Tulawaka becomes very important because of low costs, near the surface and a front run for production on the longer term Sutton deposit.}}}} This is the key Jimsy!!- For me this is what Barrick will be looking for- only 30 km from Sutton-where Barrick is committed to build its production facilities-- its such a natural fit. The only thing missing?-- Reserves Estimates!! When the initial reserves estimates come out I expext 'someone major' should make a move. But remember this Jimsy --dont rule out the values below 100meters in Tulawaka. The geology is the same as Suttons- so I expect the same volume of gold below 100 meters as Suttons- Just my speculative opinion!(Has to be proven!!) And remember what PGD/MDN have already announced in the past results on'Kenegele'. (not far from Tulawaka) Although the grades are lower than Tulawaka- the volume of reserves in Kenegele could prove to be the 'clincher' for a major who buys into the PGD/MDN companies. I have been in this play for under 2 yrs now and have done much 'DD'. If you did your 'DD' on the Tanzania-Lake Victoria 'gold reserves' you would find that about 30 million oz have been announced to date by various companies. Besides Barrick with its Sutton - Bulyanhulu reserve- the next largest holder of reserves is 'Ashanti' with (2) reserves which total up to the 'same total size as Suttons' ! For me this is important. It means that BOTH could be interested in the PGD/MDN Tanzania properities. Just my 'horse sense' speculative opinion!! It could prove very interesting indeed!! rgds for now.