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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: Dean Fontana who wrote (3645)5/27/1998 3:42:00 PM
From: Brian N L  Read Replies (4) of 34075
 
Dean,
Nice job. I would like to add an observation. The $170 per ounce, in my opinion, may be a conservative estimate. A couple of near by S. American mining companies (as a few posts here have indicated) are projecting mining costs of $105 per ounce. Perhaps new extraction methods have come to the fore-front? MINE has a person on board for that particular reason. In search of cheaper and more effective ways to exploit gold. Hopefully the detailed report will carry such info.
As for those who are screaming SCAM, I would like to see your proof. Many posters here have answered the questions posed by the "cautious ones" to the best of their knowledge. Some have even called the government of Bolivia directly. What more can you ask for? I'm sorry if the idea of MINE being a huge find upsets you so. But I'm trying to figure out why some protest so passionately. And the only thing I can imagine is that some may have been heavily into Bre-x, in which I offer my condolences. I've been here and long for awhile now, and except for a few tardy releases, this company has lived up to its promises, and then some. I remain long.

Brian
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