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

To: Douglas Lapp who wrote (824)2/15/1998 4:29:00 PM
From: sedahS  Read Replies (2) | Respond to of 34075
 
It's not the amount of gold that is there. It's the way they are mining it that concerns me. They're still using gravity mining instead of heap leeching. They will lose a lot of gold that way.



To: Douglas Lapp who wrote (824)2/15/1998 6:12:00 PM
From: CIMA  Respond to of 34075
 
Let's see...130M oz of gold. 130M shares out. Hmmm...$300 gold today, less $170 production cost = $130 per share. Barrick and Newmont in the picture already. How much would they pay to get their hands on this, $50 per share at least?


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