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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: Ironyman who wrote (13969)10/8/1998 10:38:00 PM
From: the Chief  Read Replies (4) of 34075
 
Hi eric. In defence of my fellow Canadians, this statement is not true.
What has been discussed is that the standards have been raised since that """Canadian Company """ did a ' Tap Dance ' on the gold market.

The International Mining standard for establishing "proven", "probable" "inferred", "indicated" has not changed. What has changed is the information that "exchanges" want! If the sampling was done in accordance with the IMS and sampling records were kept, as all projects are supposed to have (even pre-Bre-X) than GE should have had no problem in fulfilling the requirements!! NONE!!

In GE's case, "Guido's techniques" (love that!) were not up to the IM Standard, as stated by TT last week, and "me" 3 months ago!

I will make a prediction here;

1) Guido's techniques did not meet the IMS
2) BD is going down and do sampling to verify there is gold and that the concentrations are there
3) Even if confirmed, then #1 rears its ugly head and the proven is no longer "proven" and the inferred is no longer inferred and the indicated is no longer indicated.
4) If not confirmed than "the appropriateness of BD's report will be brought into question by GE!
5) Because sampling which is "inconsistent" at best, (grab sampling) further sampling will be required !

the chief
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