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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 (9574)7/13/1998 11:50:00 AM
From: Roderick Francey  Read Replies (1) of 34075
 
Comparisons:

Yep I agree. If people want to quote comparisons, please use apples with apples (i.e. gold deposits with gold deposits). Here's one for you. It's not a close comparison, but it might give people some food for thought.

Greystar Resources: 19.9 % owned by Kinross
3.5 million proven reserves
over 100 holes drilled

next reserve update is forecasted to be anywhere in the range of 5 to 8.5 million proven reserves. The boundaries of the mineralization
zone continue to be extended. Area has a history of previous gold production.

Last few months trading has ranged from $0.80 to $1.00. There has been some talk of open pit mining, but more likely (if this deposit is ever developed) will entail underground development. Greystar has enough financing for further development for approx. the next two years. It is a well managed junior.

Note: Kinross came in during the 3.5 million reserve estimate was announced. Can't remember if it was before of after the announcement date.

And no I am NOT recommending this stock, although I do hold shares in it. But I use this stock as standard against other junior mining stocks -- which is why I got in Golden Eagle, because of certain similarities. Golden Eagle in my opinion is much more of gamble, but I love to gamble!! :) ok nuff said.
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