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

To: GC who wrote (29135)10/22/2002 10:40:46 PM
From: GC  Read Replies (1) | Respond to of 34075
 
so that is the results for 3 days

SALT LAKE CITY, UTAH - (BUSINESS WIRE) - October 23, 2002 - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it is recovering an average grade of 1.006 grams of gold per cubic meter, or .503 grams per ton, of ore processed in its 1,000 ton per day capacity Cueva Playa plant located in the historic Tipuani Gold District of Bolivia.



To: GC who wrote (29135)10/22/2002 10:48:51 PM
From: Fred C. Dobbs  Respond to of 34075
 
isn't there 27 grams per oz
3000 * .503=1509 /27 = 55.888888 oz ??????

No idea. I'm not a miner and I don't pretend to be.

RP on RB stated yesterday there's 31.1 grams in a troy ounce, so your goesintos might be off a bit. Regardless, news is still great. Looks like minimum grade is double what is needed for break even. And $75 processing for the 11,000 ton plant is still attainable. Happy, Happy, Happy.

and the beat goes on



To: GC who wrote (29135)10/22/2002 11:00:40 PM
From: Jim Bishop  Read Replies (2) | Respond to of 34075
 
All I know, is that back in the late '60's early 70's there was always 28 grams per ounce....Canadian ounce that is.


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