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: Cytotekk who wrote (7026)	6/30/1998 2:07:00 PM
From: Claude Cormier	Read Replies (3) of 34075

<<...and actual production costs will be not discernable until a few quarters of production. >> Colleen, I don't think it works that way in the real world. Miners spend millions to complete feasability study in advance of production. These are really complex works and include the development of an operational model that allow to conclude what will be the average cost of producing an ounce of gold and how much it will cost to build the mine. No third party can achieve that in a couple of months...especially for a deposit as big as MINE Cangally placer. << 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. >> Well not exactly. I will buy when I understand the reserve numbers...even before a full feasibility is done. IOW, just give me some technical data to satisfy my curiosity and I may well be a buyer. CC, Hoping for a technical report soon.

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