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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Cytotekk who wrote (19649)	6/22/1999 3:52:00 PM
From: Claude Cormier	Respond to of 34075

Cytotekk.. As I said, the DB report is well done and should have some impact: 1) Although I don't think that GE has ever been considered as another Bre-X because mainly of the history of gold production at Cangalli, it had credibility problems because of the statements made on the size and quality of the resource. The report doesn't state a resource of course, as not enough samples have been taken to do so, but it confirms that the potential of developing large resources and possibly large reserves. As such, it will give back GE's credibility and allow them to move forward. 2) The report is serious, seems acurate and is done by professionals. Therefore, it should help to solved the problems with the SEC. 3) The report also shows that there is a lot of work to do and a lot of money to spend before a resource or a reserve is proven. The erratic and sporadic distribution of the gold will make it harder to define an economic orebody. I am not saying that there is none, just that it will be harder to locate and defined. 4) It explain to the market and shareholders the complexity and nature of the deposit and help them decide if the current capitalization of GE is fair at this stage of the game. As for attracting seniors on this, I don't know for sure. I don't think that majors will be interested in this kind of deposit, at least not at this stage of the game, but I must admit I could be wrong. Time will tell.