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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 (9767)7/14/1998 7:24:00 PM
From: Jon Matz  Read Replies (2) of 34075
 
Chief, Graystone and Claude, it does appear that Toma is very knowledgeable and we all appreciate his appearance on this thread. One thing we should all note is that he appears to be stating that the method Guido used is possibily valid.

I believe that we all agree that drilling would be necessary to prove out, beyond a reasonable doubt the entire claim area. But if Guido used acceptable methods and very conservative area limits, the truth is that it is very likely that drilling would prove up a much larger deposit than the company currently estimates.

That's seems to be the big question, did Guido's estimates use accurate methods? If he did, and he only used between 30 - 40 percent of the total area, it's quite possible that we are talking about 300+ million ounces inferred. IMHO

Cheers, Jon
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