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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST
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To: Andrew H who wrote (3018)5/23/1998 3:36:00 PM
From: Claude Cormier   of 34075
 
<< according to these calculations of 1B for 6--7M indicated, then if it turns out Guido is correct about the 78+M indicated,MINE should be worth about 12B, is that correct? >>

Of course, it depends on the definition each company is using for "indicated resource". I am not sure if MINE has done the same kind of work that Arequipa did to come up with a indicated resource of 78M ounces. Arequipa's work spanned over several months and included the several holes of drilling and digging of 3 large channels into a mountain...and they reached 6M ounces on this basis.
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