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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: zenin who wrote (431)10/13/1997 9:44:00 AM
From: Dan P   of 34075
 
Jay:

Couple of questions: Based on the projected tonnage of 4 mining
sites, can you or anyone figure out what production is likely to
reach? At this point, I see them producing about 9,000 ounces for
their first project: can you extrapolate?

Also: do you know which report contains guido's detailed analysis?
I have read his summary from the web page.

Finally, all of Guido's numbers are in gms or oz per cubic meter.
Do you know if the 17 (or so) multiplier holds to convert that into gms per tonne or oz per ton?

What they are doing is clear: trying to get some cash flow from their operations, because, since Bre-x, it has been very difficult for the junior companies to get financing. (Crystallex was one of the comapanies that started this trend 1and 1/2 years ago, on their Albino project in Venezuela.)

Regards

Dan
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