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: Jon Matz who wrote (30999)	6/19/2003 2:48:27 AM
From: Paul-D	Read Replies (1) of 34075

Hi Jon, still around. I was also surprised by this move from GEI in respect to Buon Futuro, but we need to wait for GEI to finish their DD and see what comes up. If really enough work has been done, that they can claim reserves and that they've got a partner to produce rapidly and get some $$$, well why not! But I would not want MYNG to wait for the $$$ from Buon Futuro before upgrading the plant to 11'000 TPD, because if they do, this will mean that we will not have our 11'000 TPD plant before year-end IMO. On the other hand, if we can make $$$ on Buon Futuro to finance the upgrade, we will not need to dilute further. I'm really looking forward to the NR about Buon Futuro, because I just don't know how they will be able to claim reserves without themselves doing some work on the property. Maybe I'm missing something... I think we better just wait for the NR/10Q. We should get more info at that time. Rgds, Paul

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