Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Douglas Lapp who wrote (30605)	2/23/2003 9:56:35 PM
From: Claude Cormier	Respond to of 34075

<The plan is very simple, produce, prove, finance, full scale plant, produce, prove, finance and multiple full scale plants and then start all over again.> Great! So we are at the first step: produce (small scale). And there is a value that goes with that. If they eventually complete the second step (prove through exploration), the valuation will change even if they still produce the same number of ounces... and so on. <That was exactly my point as to why you will see at the very least "probable" calculations sometime after commencement of our 3500 TPD plant. > Can you tell me how this will happen. I haven't read it anywhere in their plan? < I would be inclined to believe a minimum 3-4 million has been spent on sampling> That is the problem. I don't see that in the financials. Have they spent that much on exploration? <YET you continue to say that not enough money has been spent on sampling.> Yes. At least not enough to prove up the ounces so they can be counted in according to current standards. <I would also say that you may not have enough information <as to the number of drawpoints, depths and spacing of the <current block caving program. Correct. But this is production related. Not exploration. <Since you are the Editor of a newsletter it would be very <easy for you to get the information you lead us to believe <you are looking for. I tried in the past to talk to the most knowledgable exploration person on this property Guido was the name, but he never called me back.