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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (7802)	2/22/1998 6:39:00 PM
From: CIMA	Respond to of 116814

< everything is a fraud > I too am curious to hear opinions about MINE - Nasdaq BB. They claim to be releasing a study that will prove, beyond any doubt, a gold reserve calculation of between 130M and 172M ozs in the next three weeks or so. This is bigger than Bre-X ever was. They are releasing 1000 assays in the report and every tenth assay was double-checked by a second lab. They have ex- Barrick and Newmont guys on their consulting board and the full backing of the new Bolivian government. Production is to start this spring. The share price is SEVEN CENTS! WHY? The number of shares out is estimated between 90M and 130M. They have a website: www.goldeneagle-MINE.com and the most recent releases are found on yahoo under MINE. The year-end edgar filing has a geological outline of the deposit and the engineering plan for production. I have bought some just in case it pans out. I am not trying to spam. This is the best thread on SI for people who understand gold and gold mining. Can somebody offer opinions on this situation? It doesn't make sense and the market is seldom wrong for any great length of time. If the story is true, and I am highly skeptical, wouldn't this be one of the biggest stories to impact the mining industry ever? 170M ozs? Wouldn't it hit the front pages of newspapers? Why is the share price so out of sync with the story? Is there an expert who could offer a point-of-view on this thread or on the Golden Eagle thread? Sorry if I've ruffled some feathers by posting this here but I think it's a situation worthy of discussion.