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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: Douglas Lapp who wrote (30496)2/11/2003 5:53:45 AM
From: GC  Read Replies (1) of 34075
 
Jan7/news release

Golden Eagle's mine also processed 92,700 tons of ore and recovered 43,847 grams, or 1,410 troy ounces, of gold. The gold had a gross value of $468,120 based on prevailing prices during the quarter, and without the allocation of costs. Gold grades recovered to date have been .946 grams per cubic meter, or .473 grams per ton. These grades are 89% higher than target grades used for project modeling, and are consistent within a relatively tight range.

>Processed 40,100 tons of ore in January and produced 16,120 grams of Gold and the plant was shut down for 10 days while upgrading to the interior mine was completed>

I guess the grade is dropping

processed 92,700 tons of ore and recovered 43,847 grams, or 1,410 troy ounces, of gold

Processed 40,100 tons of ore in January and produced 16,120 grams of Gold

Plant was shut dwn for 10 days , seeing we don't have any idea as shareholders what the Hours of operation are at the production level.The 10 days could include weekends, and maybe Jan 1st and 2nd for New-Years.

There, u have your 10 days.
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