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: John Flaherty who wrote (8816)	7/8/1998 10:48:00 PM
From: Claude Cormier	Read Replies (2) of 34075

<<So are you really saying that if Guido has proven up, lets say five mines for arguments sake, and in all those cases he used standards that are out of the norm (not U.S.) but his calculations ended up being correct, that wouldn't have any bearing on your beliefs? >> It would have an small positive effect on my beliefs. Yes. But very small. The fact remain that proving up reserve is not subjected to any kind of interpretation. It is a technical work, highly precise and mathematical. To do it you need to sample. To prove up 6M ounces you probably need 50,000-100,000 samples and up, not 2900...no matter what standards you use.

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