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: GC who wrote (9041)	7/9/1998 11:27:00 AM
From: Jeff	Read Replies (2) of 34075

GE is far from dead......imo one geoligist says 5-million ounces...... guido says 6.4 million ounces......USING CONSERVATIVE ESTIMATES........ price to mine in bolivia.....150 to 170 ounce........ just seen on CNBC yesterday a gold expert saying that central banks will still be selling gold at least till the end of this year........after the first of the year they will have a tougher time selling because of tougher restrictions coming into effect...... bottom line.......gold price is dead for the rest of the year........this is going to wipe out many mines that are hanging on right now by the skin of their teeth........ key point in the next 6- months will be LOW COST PRODUCTION..... we know GE has the gold......its been mined there forever.......we know a third party will find gold........who knows maybe even more than guido........we know cost of production in this part of the world is very low...... as the price of gold drops even more.....or at best stays right where it is....GE will become a prime target for a major........imo so dont give up yet people...........with the low gold price......GE is going to be like the only girl in a bar on a saturday night.....she may be ugly......buts shes going to get alot of attention..........imo Jeff

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