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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: ubetcha who wrote (30617)2/24/2003 10:01:27 AM
From: Claude Cormier  Read Replies (3) of 34075
 
<What if we have 20 plants each capable of running for 10 years at their own location with gold taken from varying depths. That is actually what I am talking about. That should prove the resource over time.>

I think I already agreed in a previous post that this would prove that there are large quantities of gold. That we agree.

But the reserves will still not be quantified. But I am willing to say that if they reach that point and IF production rates are constant from each plants, it will then be possible to conclude on the existence of a very gold resource. I also said earlier that on that basis, the cash flow/price ratio would expand to reflect that new reality.

Lets take it step by step.
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