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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: Jon Matz who wrote (9837)7/14/1998 7:40:00 PM
From: the Chief  Read Replies (1) of 34075
 
Hi Jon. In pursuit of the "BIG ONE" lets slow down here. The largest resource on the PLANET is not pure gold and it is 82,000,000 Gold equivalent ounces. What you are postulating here is exactly what I criticize Guido for!!

If you have the possibility of a large deposit you "PROVE" it up in stages. This serves two purposes;

1) You attract the majors with continuing resource improvements, improvements that are shown to be done in a logical and formulated manner.
2) You attract investment to the project by the display of "quality work and good results".

NEITHER of these things have been done here. So Jon, believe that Guido is good and believe if you will the property is good, but to put out 111,000,000 or your 300,000,000 is so ludicrous its rediculous.

Much like there is no purpose to "GUESSING" .20c and $25.00 there is far less REASON to GUESS these absolutely universally stupid numbers. Lets see if he can get 6.4mm ozs first then wait for more LOGICAL confirmation.

Nothing, absolutely nothing has come close to Lihir or Grassberg in size for years and years, that is why Bre-X was such a wonderous thing...... really freakin wonderous...grumble grumble...

the Chief
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