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: CIMA who wrote (1142)	3/18/1998 12:01:00 AM
From: knight	Read Replies (1) of 34075

CIMA, firstly, thanks for a balanced post on the merits of MINE. Nice to see a post without the nonsensical hype that does no one any good. I have checked the EDGAR site as you suggested and I have some questions and/or comments: 1) This seems to be a placer type operation. Mr Zambrana reports that the current process looses 50% and indicates that a "new flow sheet" should be available by the end of Jan/98. Was this done? 2) What are the extraction costs per ton of material? 3) What exactly, are the proven reserves? I have heard 100MM oz, is this a fact? 4)What is the cash position of the company at this time? If you or anyone can answer these questions, I would be very appreciative.

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