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: the Chief who wrote (7187)	7/2/1998 10:56:00 AM
From: Mike Gold	Read Replies (1) of 34075

Mr. Chief, it is true that in the previous Guido report, it made no mention of recovery % other than calling previous recovery of 50% or less diasterous etc. However, the previous report did not claim ANY proven reserves. The new report claims 6 million ounces as PROVEN resources. I think to be considered proven, you must be able to mine it economically. My guess is the new report will go into some detail about recovery % etc-i.e a discussion of technologies that can be used for an ore of this type and what recovery one may expect when using said technology-ie cyanide/leach method..

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