Golden Eagle Int. (MYNG) Message Board

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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 (30598)	2/23/2003 9:00:47 PM
From: ubetcha	Read Replies (1) of 34075

Claude, I agree with that as in the business I am in we do a lot of drilling. So we just drill 50 holes, or 100 holes, and pull samples every 2 feet. We then conclude that based on all these samples that we have X % x volume of gold in the claim! (Taking what I do to gold) Well, when we drill the next hole, everything changes. So why is drilling all these hole to prove reserves better than actually doing it in mining? You have said that (if I am not mis-quoting you) that proven "drilled" reserves is more valuable than mined earth. This does not compute. "Given the high variability in grades in these conglomerates" I would think that you could say this of any mine. So you pull a sample from one place, but 5 feet away it could be better or worse. This happens in all mining that there are "sweet spots, and lower grade areas." This is just the way things are. If you are a farmer do you always get exactly 48.5 bushels to the acre? If not----Why not! They all had the same moisture, and are the "same" soil. Sorry, still confused. Terry

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