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

To: Paul-D who wrote (20312)	8/7/1999 2:47:00 PM
From: Claude Cormier	Respond to of 34075

<< 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 >> This is not a business model that has work in the mining biz. They will have a tough timeto find someone who will lend them for a $3M plant if no reserves are established in the first place. Their property has potential...they should first try to develop a small reserve...and then move into small scale production.