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

To: Douglas Lapp who wrote (21396)2/18/2000 8:40:00 PM
From: Probart  Read Replies (1) | Respond to of 34075
 
Howdy, this from a recent 8k, just the facts.
<<The newly acquired claims, consisting of 44,046 acres, are 100% owned by
Golden Eagle International, Inc., and are free of any royalty obligation. The
Company's only obligation with respect to these new claims is an annual claims
fee payment (patent) to the Bolivian government of $17,825. These new claims
owned outright by Golden Eagle, together with those claims under the Company's
contractual control, give Golden Eagle exploration and mining rights to a total
of 49,573 acres in the Tipuani Gold Mining District. The Company's claim
holdings now extend over 18 miles in length, and between six to 10 miles in
width, covering a large portion of the ancient Paleo-Tipuani river system and
its gold bearing conglomerates. These are the same Paleo-Tipuani gold bearing
conglomerates which Golden Eagle has been exploring on the Cangalli claims for
the past four years.>>



To: Douglas Lapp who wrote (21396)2/19/2000 12:03:00 AM
From: Claude Cormier  Read Replies (2) | Respond to of 34075
 
Well Douglas,

I can only repeat what I have said on many occasions on this thread.. with no gold resource, no cash and debts... how can a mining stock with a market cap of more than US$20M be cheap.

I will agree with you that the property has potential. But not enough exploration work has been done to confirm a resource large enough to support the current stock price.

Lets spend some exploration dollars first... then we will see.


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