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: Tom Frederick who wrote (7022)	6/30/1998 11:44:00 AM
From: Cytotekk	Read Replies (2) of 34075

Tom, to be completely certain of reserves, estimated costs of production and the actual price of production will take quite a while. The 3rd party verification may take a few months and actual production costs will be not discernable until a few quarters of production. If Guidos report passes muster with a reputable firm and estimated costs make sense then I think that will be enough to get this stock moving. I am also looking forward to the report from the Jim and CIMA on site visit. Claude has said that he will wait till he is certain of profitable reserves and buy at whatever price he sees fit, even in the $s. I prefer to take my chances, with money I can lose, in the .50 range. We all have our investment styles. I will say though that I have feelings about the future of all my investments. Probabilities for the future are derived at by investors. You may know that Lucent stock will go up but you cannot know by how much. I almost bought LU a couple of weeks at $69. but I had a feeling that it would not go past $77 this year. Yesterday it closed at $83. We do have feelings about our investments, there is nothing wrong with that. I have a good feeling about MINE and I KNOW that approx. 32M ounces of gold have already come of that valley. The gold is there, I just need to know how much gold for sure. I have said before, I will take 1/3 of the 6.4M a be happy with the proven. Regards, Colleen

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