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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: Claude Cormier who wrote (30591)2/23/2003 5:53:07 PM
From: Douglas Lapp  Read Replies (1) of 34075
 
By proving Reserves,It will be easier for us to raise the necessary funds to expedite the Business plan.

Why do Mining Companies prove Reserves at all?
Using your thought process makes it silly for Barricks, Newmont and all the others to prove anything, since they only need production for valuation and expansion funding.
Sorry Claude that does not sound sensible.
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