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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: Michel Grenier who wrote (3318)5/25/1998 10:36:00 PM
From: Claude Cormier  Read Replies (3) of 34075
 
<< I am counting on production, in a few
months hopefully, to get this baby really going >>

This is another thing that I find surprising. Most mining companies would not waste time with small scale production when they have their hands on a world class gold deposit. They would expand exploration efforts and get to feasibility study as soon as possible in order to establish the most profitable way to get the gold out.

SOme will say that the small scale gold operation will give them the $$ to continue exploration. Well experience has shown that this is not the way to go. It is better to get financed to support exploration
programs and get to the big cash flows ASAP.
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