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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: Douglas Lapp who wrote (2365)5/9/1998 9:34:00 PM
From: Ironyman  Read Replies (3) of 34075
 
Doug,,,May I point out that they have already courted several major
companys. However Terry said that the offer from Canada was too low.
-------" I left my heart ", "At the Top" , & " Peak " ---------

I agree that until there is major production,,,No one will give a fair value or even believe that this is the largest gold mine in the world.
Many people don't understand that 14 grams per cubic meter is considered " Low Level " and that the cost of production is the critical part.
....As a guess, I suspect that we have been waiting for some part of production to start, which will in turn support the " Proven " part of the report.
....A commencement of production and a report of several million onces would make the stock worth several dollars. This is a very pleasant thought indeed. ( Wow,,,Won't the disloyal ones be pissed! )
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