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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: CIMA who wrote (1381)	3/25/1998 11:17:00 AM
From: Claude Cormier	of 34075

Cima, << Claude, check the last press release in December. That is between $2.25 to $3 million dollars per month, not thousands.>> Well it is only an hypothetical proposition by the geologist and these numbers are revenus, not net earnings. << ...with the first netting $2-3M/ month in the next couple of months. >> A big difference. And, btw, I read nothing about production facilities. To produce 500/650 ounces of gold per day, one must have spend at least $10M in capital expenditures for a recovery plant. << GE has said there is a report involving 1000 samples to be released in the next week ( unless they decide to release in chunks ). These are apparently a combination of small and bulk samples with every tenth sample double-checked by a second lab in England. >> Well this will tell us more.... Thanks.

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