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: RMF who wrote (4712)	6/11/1998 3:17:00 PM
From: Tom Frederick	Read Replies (1) of 34075

MICAP, Let's try to be clear on this. There is NO report that can be issued by MINE to "lock in" 6 to 10 million ounces. The only report that can "lock in" anything is a third party COC, certified drilling and assay program. If there is one thing we should all understand by now after the Bre-X debacle, it's that the only proof the market as a whole will accept is third party all the way through. Will the report help the stock? Sure, but in a limited way only. We may get a nice boost but a sustained run of the price can only be accomplished with lots of institutional buying and THAT won't happen without a full bore third party drill program and testing program. I am anxious to see what the report says but I am more anxious to hear about the plans for third party verification. Who and when will say alot to me. Tom

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