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

To: Douglas Lapp who wrote (30622)	2/24/2003 11:19:04 AM
From: Jon Matz	Read Replies (1) \| Respond to of 34075

Does anyone have a good explanation for why they keep making huge claims regarding future results based on something that is not even financed? I appreciate the information, but to keep hawking the 11,000 TPD plant as the "holy grail" is failing! They need to show the market figures on cost per ounce on the current plant and the estimated cost per ounce of the 3,500 TPD plant. Do they expect the 3,500 TPD plant to produce at $100 per ounce or $500? If the estimated cost per ounce at 3,500 TPD is low, the market might look more favorably on the expansion plans. Right now, the market has no information with which to judge the potential for the claim of $75 per ounce with any future expansion. If the cost at 3,500 is high, then the potential is less. The market knows this. This might be the main reason for the recent decline in share price. There is way more uncertainty in this than the market can stand. Why has GE failed to reveal what the current expansion plans are estimated to produce on a cost basis?????