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

To: larry hart who wrote (23445)	6/19/2001 12:06:41 PM
From: Digrdug	Respond to of 34075

Larry, good to see some more discussion here about the facts and opinions. I shall try to take Steve’s advice and not be so sarcastic in the future. There are two main ways mining in that area; tunnel and open pit. The shaft and tunnel method is very dangerous and IMO GE should not proceed with it. People get killed in those operations all the time. Superstition sometimes takes over and then nobody will work in the tunnel. Besides, we don’t want the gringos in jail!! It is my view that the best way to conduct pilot production on the property is with a regular diesel powered excavator and rented dump trucks. Once they find the richest spot then they could go to the conveyors and electric diggers. The costs would be higher but any good mining engineer could accurately estimate the cost reduction using different transportation. “a worker/man stating 3 grams per ton” - Down at the bottom of the shaft. “old machinery - rusted and very outdated “ I wonder how rusty it is now??? “vicarra said that they need to have road in place and the cost is about 150k” - I believe that was the road to Challana that he was referring to. I just cannot help but think that they will never mine any profitable gold from this area.