Golden Eagle Int. (MYNG) Message Board

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 : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ge-believer who wrote (29162)	10/23/2002 9:48:18 AM
From: american dreamer	Read Replies (3) of 34075

More contradictions to this irrational cash cost. Vista Gold with Bolivian holdings in 1999 estimated to process ore with a grade more than three times richer than MYNG would still have a cash cost of $157 per ounce. This includes adding rich underground ore of 8 grams per ton. denvergold.org Bolivian Development The Amayapampa and Capa Circa properties are located approximately 185 miles (300 km) south of La Paz. The Amayapampa project has reserves of 9.7 million tonnes, at a grade of 1.76 grams per tonne, containing 548,000 ounces of gold. The company has completed a preliminary underground mining plan for the nearby (10 km) Capa Circa mine to produce 100 tonnes per day at 8.0 grams per tonne. This higher grade ore will be processed at the Amayapampa mill, enhancing the project’s overall economics. Preliminary estimates indicate that the combined project would produce an average of 43,000 ounces of gold per year, at a cash cost of approximately US$157 per ounce Further to the point Sun River mining, SUNR with mines in Bolivia indicated cash costs of about $100 an ounce. They too were lying their asses off. Now abandoned all mining operations and trading for about a penny. lists.debian.org sec.gov I can go on like this all day.. but I challenge anyone.. anyone at all that can actually show me historic cash costs for mining gold in .5 grams per ton dilution at a cash cost anywhere close to $75 per ton. All evidence.. in Bolivia, Alaska... anywhere you want to go will prove again and again a cash cost exceeding $150 an ounce or more. The $75 an ounce until proven is not believable.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next