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: salva who wrote (213)	4/4/1999 8:35:00 PM
From: Jimsy	Read Replies (1) \| Respond to of 1178

Salva - the brochure summary on Pangea at the PDAC gave a summary of the gold deposits in the region as follows: Golden Ridge 1.5Moz Pangea/now Barrick Kahama 1.8Moz Pangea/Anglogold Mgusu .3Moz Pangea/Ormonde Bulyanhulu 8.8Moz Barrick(previously Sutton) Golden Pride 2.7Moz Ashanti/Resolute Geita 3.4Moz Ashanti Kukuluma 1.6Moz Ashanti Total 7.7Moz for Ashanti North Mara 2.0MozEAGM Buckreef .2MozEAGM Ridge8 2.0Moz Anglogold Buhemba .7Moz Tanganyika Gold So there are quite a few potential bidders who would be interested in the Tulawaka deposit I see. With $10M in the bank, Pangea's best strategy is to drill off the best property, especially if there are some more 145gms/ton Tulawaka holes, firm up some more reserves and open up the bidding. I see what you mean by the situation, should be interesting. Probably Barrick would have the inside track since they already have the Golden Ridge jv with Pangea.