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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: GC who wrote (19588)6/22/1999 8:37:00 AM
From: Tim Davies  Read Replies (1) of 34075
 
this sounds like one hugely expensive undertaking, and no tonnage moved to the proven catagory. its great that they confirmed that there is gold thoroughout the property, but the lenses of good pay dirt seem to be sporadic. i guess this means that they will have to excavate the whole place, as there apere to be no sweet spots to follow.. all comming and going.. may be a jv with them holding some nsr would be best at this point.. but if they werent in sucha bad financial condition .this would be very encouraging.. or if they were to do a 10 or 15 to one reverse.. face it,,they need 5 to 10 million and they need it soon.. imo
tim
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