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 who wrote (3108)	5/24/1998 12:08:00 PM
From: CYBERKEN	Read Replies (2) of 34075

<<Proving up 6 millions ounces of .03 grade means drilling, trenching and sampling through 200 millions tons where proving up 6 millions ounces of 1.5 opt gold means drilling and sampling only 4 millions tons of material.>> Claude was definitely speaking about what is required to prove (not extract) the reserves. We have asked him to expand on and clarify his opinion so those of us with less knowledge in these matters can better understand. It seems to me that moving and testing 200 million tons before any production would make finding gold anywhere prohibitively expensive.

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