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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: CIMA who wrote (12339)8/18/1998 3:33:00 PM
From: gregor  Read Replies (1) of 34075
 
>>>>>>>Let's assume 200,000,000 ozs of gold. Let's assume 10,000,000 proven.Let's assume the purchaser is willing to pay $25/proven oz. and
$5/indicated oz. Let's assume the POG stays at $300 or lower to year-end so those price/oz figures stay low.<<<<
......you make your assumptions --I'll make just one.....
Lets assume the reasonable cost to develop and extract is greater than the cost to develop and extract in competing areas worldwide....conclusion...property is never developed....

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