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: David Sirk who wrote (3304)	5/25/1998 10:18:00 PM
From: Claude Cormier	Read Replies (1) of 34075

<< Hate to see you miss out on a big run up Claude. >> Well there are always good deals available. Spent the day reviewing whatever info is available. My conclusion: I'll wait till they explain how they can get these numbers with so little money spent and so little exploration data. Maybe I'll end up buying at a higher price. But when a company tells me we got 6M proven (measured), 75M probable (indicated) and 150M possible (inferred) ounces of gold ...believe us...we will show you how we arrive at those figures at a later date.... I prefer to wait and see. I would have reacted differently, if, over the course of the last year, exploration results would have come regularly and periodically allowing the investing community to follow the progress. This property is huge with more than 4800 acres (something like 1.5km by 16km). The resource is said to be contained in 16 targets. BAse on the 2900 samples taken ...that means some 180 samples per target...Frankly I don't understand. Developing more than 80M of proven (measured) and probable (indicated) is no small feat and is usually not done with a few millions spent and a few months of work. Maybe this deposit is fabulously unique. I am an opened mind and willing to say it can exist. But my investment style force me to be patient and wait for more evidences. More sooner...

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