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


To: Cytotekk who wrote (29173)10/23/2002 8:18:53 AM
From: drugstorecowboy  Read Replies (1) | Respond to of 34075
 
Your comment regarding production costs and "indentured servants and child labor" is as strange, coming from someone claiming to own this stock, as it is inappropriate. I would suggest that you are going to develop some very strong leg muscles from the back peddling that you are undoubtedly about to do.



To: Cytotekk who wrote (29173)10/23/2002 9:17:48 AM
From: Fred C. Dobbs  Read Replies (2) | Respond to of 34075
 
Hi C,

I won't comment on your last paragraph, yikes, but this is why I believe they can make it.

Based on our engineering estimates, we project a cost-per-ounce of gold produced of less than $75 which, if achieved, would be one of the lowest in the gold industry in my experience. Such extraordinary cost projections result from the favorable ore characteristics of the gold bearing conglomerate that allow for extremely inexpensive, high volume block caving mining techniques, and the cost-effective use of conveyors for ore delivery and waste impoundment. The engineering team also projects that due to: 1. cheap power, 2. inexpensive labor costs, and 3. efficient recovery technologies, Golden Eagle’s project can become an industry leader in low cost gold production

Go MINE

and the beat goes on