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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: Henry Volquardsen who wrote (4434)6/7/1998 12:40:00 PM
From: john  Read Replies (1) of 34075
 
Henry, do you think Bre x paid for Freeport-Macmorran's final due diligence. I think not.

I believe it is too early to tell but frankly if a potential j/v partner such as a Placer Dome or Barrick see the technical analysis and like the standards adherred to within the report, they may just be a lot more interested then you think.

There would just be a lot of conditions in the contracts. It is done in this business, I can think of two instances where Antares Minining paid for their own independent results both in Indonesia and Northern British Columbia. After this period of DD they were happy and the joint ventures "kicked in" and Antares became the operator on both properties.

Henry, it does happen.
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