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: MoneyMade who wrote (3312)	5/25/1998 10:00:00 PM
From: C Hudson	Read Replies (2) of 34075

I have been reading other threads on the internet and this stock is the buzz no doubt. There is one criticism that keeps popping up which I posted earlier, namely that there is a BIG problem with the indicated and inferred ounces with the type of sampling done which cannot show concentrations at deeper levels. The concentration of Gold is much higher closer to the surface and so to make calculations of indicated and inferred from the concentrations closer to the surface is NOT valid. The conclusion is that the proven reserves may be accurate but indicated and inferred is hype. CAN ANYONE COMMENT?

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