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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: Mike McFarland who wrote (960)3/6/1998 1:55:00 PM
From: Brian N L  Read Replies (1) of 34075
 
I agree that GE taking care of the local people is a great move, also an honorable one. I also believe that GE sincerely cares about them. Hence, a great relationship with the Bolivian government.

Michel,
Your analogy seems fairly solid. One thing you got wrong was % of ownership, it is 83%, I think. The rest for the government. (someone please correct me if I'm wrong).
As far as the slow crawl for over 500 years, many things can happen. I feel, once the news comes out on proven reserves, there will be many others interested in purchasing part or all of GE's properties. And, as mentioned in a previous post, they will most likely accelerate the amount of mining done. I believe the price of gold has basically hit bottom. Which means (Lets assume they prove to have 100 million ounces) for every dollar gold goes up, we are worth 100 million more. Keep in mind, a company called Bre-x was worth 200 dollars per share (pre-split), and that was before a shovel ever broke dirt. You seem to be doing great DD, keep it up.

Brian



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