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

To: Jackel who wrote (866)	2/20/1998 8:55:00 AM
From: Michel Grenier	Read Replies (1) \| Respond to of 34075

Hi, everyone I looked at the messages on this thread, went to the company's website and read the geologist's report. Frankly, I do not understand what is going on. First, I do not know how many shares have been issued and how many options are out there so, even with a perfectly accurate valuation of assets, it would be hard to assess a realistic per share value. Second, if the information is solid about a minimum of 60M ounces of gold and about the operation costs, I do not understand why the price is so incredibly low (even if there were 150M shares in circulation and as many options). The whole thing looks like an incredible deal, but the stock does not take off. Before I invest in something like that, I would apreciate if anyone could offer a reasonable explanation for what is going on. Thanks! Michel Grenier

To: Jackel who wrote (866)	2/20/1998 12:01:00 PM
From: Bradley G. Fraser	Read Replies (2) \| Respond to of 34075

Jackel writes... It's just going to take a little time for the story to get out to the investment community and I think that the price will rise to commensurate with the value to the company. The value is the assets.....172 million and proven. Do you really believe for a moment that the investment community is unaware of Golden Eagles machinations in Bolivia? As for "172 and proven" this statement/claim I believe is simply ridiculous. The situation is such that you can speculate that these reserves exist and I can only suggest that it is close to impossible for a myriad of reasons. I make this assertion only after due dilligence on the Company and the Cangali area of Bolivia. There is gold in them thar hills but two real questions remain; just how much gold is really there and can they profitably mine it?