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

To: Claude Cormier who wrote (20309)	8/5/1999 12:21:00 PM
From: Paul-D	Read Replies (1) \| Respond to of 34075

"I say they should spend on exploration rather than trying to bring into production a unproven orebody." I agree with you Claude. But in GE's position, with no cash and no one to put a cent on the table for drilling, the best way is, IMO, to produce some gold to show and prove to the community that they do have gold and which is economically recoverable (and at a very low price as per Dr Atwood's report, USD 31.- to USD 123.- per ounce). And with that money, they will be able to pay off salaries in real $$$ instead of stocks. JMHO. <<Golden Eagle recognizes the continuing risks inherent in its operations in Bolivia, including risks that there are insufficient gold resources for a profitable operation>> This doesn't bother me at all since we all know that investing in Bolivia is risky, especially in a junior mining company and more especially in MYNG!!! But there's a risk-reward situation that some people like to take. I'm one of them. And besides, GE has to put out cautious sentences in every release of the SEC will get very angry.... Best regards and keep up the good work with "The Ormetal Report". I'm enjoying it. Paul