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

To: Mike McFarland who wrote (960)	3/6/1998 1:55:00 PM
From: Brian N L	Read Replies (1) \| Respond to of 34075

I agree that GE taking care of the local people is a great move, also an honorable one. I also believe that GE sincerely cares about them. Hence, a great relationship with the Bolivian government. Michel, Your analogy seems fairly solid. One thing you got wrong was % of ownership, it is 83%, I think. The rest for the government. (someone please correct me if I'm wrong). As far as the slow crawl for over 500 years, many things can happen. I feel, once the news comes out on proven reserves, there will be many others interested in purchasing part or all of GE's properties. And, as mentioned in a previous post, they will most likely accelerate the amount of mining done. I believe the price of gold has basically hit bottom. Which means (Lets assume they prove to have 100 million ounces) for every dollar gold goes up, we are worth 100 million more. Keep in mind, a company called Bre-x was worth 200 dollars per share (pre-split), and that was before a shovel ever broke dirt. You seem to be doing great DD, keep it up. Brian

To: Mike McFarland who wrote (960)	3/6/1998 6:05:00 PM
From: jackie	Read Replies (1) \| Respond to of 34075

Mike, The company's decision to use the equipment for relief work was humanitarian, just, and the only option for anyone with fellow feeling. It also happens to make good business sense, but that should not be the reason for doing what they did. I know from talking with Sabrina that these gestures have been made by the company and individuals associated with the company without any regard towards the business impact. Memories of such acts of kindness will be remembered long after the gold plays out. They are of immense worth to the company, no matter what happens. There can be no question the people down there will support the company's efforts to develop the properties there for many years. Such actions demonstrate the character of the managers, which is all we have at this point. That alone should help people decide if they want to invest in this story. Regards, Jack Simmons