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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: GC who wrote (7120)7/1/1998 1:07:00 PM
From: the Chief  Read Replies (1) of 34075
 
Hi GC. You said: They halted mining because they wanted better recovery in place, leaving to much gold in tailings.

True. BUT..... tailings is not waste material! In the mining/exploration business $$$$ rule. ANY company short of cash would continue a rudimentary processing system with the idea of "reprocessing tailings" with new ore when the "new processor" was up and running to keep a reasonable albeit small cash flow going!

This is something that is "basic" and KNOWN information in the mining industry, no black magic here! With every positive statement, and reason why this company is "true blue", and equally powerfull suspicion can be raised using the same statement!

the Chief
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