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

To: Fred C. Dobbs who wrote (30370)	1/17/2003 9:01:28 PM
From: steadyasyougo	Respond to of 34075

Ron, this fits exactly what I posted earlier about comparing run of the mill operations like Newmont, the apples, with our Bolivian oranges company. Assuming about 3.75M ozs for one Newmont mine, and pay $225M over three years to get it. Apples. Terry said $3-5M for each 11,000 tpd plant, but he was not firm. Mentioned maybe less than $3M. Heck, go ahead and use $5M. One plant can produce 100,000 ozs a year at 1 gpt. 20 plants can produce 2M ozs a year. And they can produce about 10 years at each location, and then be moved to other mountains. So, for $100M, can produce 20M ozs, with potential for more (remember the tons of oranges we have- the 20 plants are for original 5,000 acres, we have 74,000 acres in all). Assume some equipment placement would be needed, but it may also only be $3M per plant. Apples vs oranges indeed. And, what did Newmont pay to prove up these reserves? And I don't think their operating costs will be less than $75 an ounce. Atwood projects ours will be, but we do have to prove it. Of course, we first have to run a few of our plants to firm up these projections. But, in three years, we will know a whole lot more than we know now. The beauty of it is that we only have to commit to spending $3-5M at a time. Don't have to commit to $100M all at once. Oranges. Newmont has to commit to $225M, go or no go. Apples. If all goes as Terry is projecting, and in process of proving, there are going to be a lot of experts who wished they had realized there are some oranges situations that come along once in a blue moon. They are used to looking at piddling amount of tonnage and "nice" grade of 2 or more gpt. Whoop tee do apples. We are looking at unbelievable tonnage and "low" grades of 1 gpt. Even 0.5 gpt looks tremendous, remember I said unbelievable tonnage. Oranges. We just have to prove we can handle a whole lot of dirt at low cost. That's what Terry and his oranges team plans to do. JMO, we definitely will have to wait and see if any success occurs in the next year. Keep the faith. Ron, you do like orange juice, don't you? rotfl. gerald

To: Fred C. Dobbs who wrote (30370)	1/18/2003 3:49:02 PM
From: GC	Read Replies (1) \| Respond to of 34075

This is totally off topic , just read a post on RB about a poster with his prescription bills are running 500 a month. He does not have to travel to Canada to get his prescriptions filled , all he has to do is visit the Mall of America ,if he is close by , in Minn. Every week a Canadian Doctor , and yes for heaven sake he does have a state license to practice along with a Canadian license . This Doctor has an Clinic in the Mall , and his main practice is in Winnipeg , and the prescriptions are filled through Shopppers Drug Mart. Geeeeeee's I guess the Health plan in Canada is not so bad after all , might be a few delays in some cases , but for the most part not bad Hmmmmmmmmmmmmmm Something like mining gold . Americans using Canadian health services HHmmmmmmmmm Canadians can't be "dum ass" now can they GE Believer.