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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: CIMA who wrote (4632)6/9/1998 11:16:00 AM
From: Michel Grenier  Read Replies (1) of 34075
 
Just read the entire 1991 geological report. There is a wealth of information there. That, plus the 1997 report, may explain why reserves can be proven with the kind of sampling conducted recently. Contrary to what some people have been saying, that "there is no way you can prove 6.4M ounces with that kind of sampling", I believe that in view of the existing geological information, it is quite possible that the whole thing makes sense.
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