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 (3132)	5/24/1998 1:46:00 PM
From: Don Rohner	Read Replies (2) of 34075

Jon I can't wait to see the model of this deposit. I guess I'm a little disappointed in the number of shares outstanding if the figure is 130-180 M. The production numbers of 2g/ton at 500-650 ounces per day should prevent further issuing of stock ; I hope. The real production numbers should be as much as 3-5X this figure considering the conservative grading of the gold and improving recovery methods. Time will tell but at least we will be a medium capacity mill at 10,000 tons per day according to my calculations from the SEC filling. Is this your conclusions? This level should make us at least a $1-$5 stock at 180M shares. DR

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