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

To: Mike McFarland who wrote (1271)	3/21/1998 10:06:00 AM
From: Jay Z.	Read Replies (2) \| Respond to of 34075

Golden Eagle has said from the start that they will not sell the company. We may see portions of the properties sold, but I can guarantee you that the cangalli shaft and subsequent surrounding land will never be sold. It has taken GE a long time to build the relationship with the cooperative, the Bolivian government, businesses in La Paz and so on. You must remember that many companies have tried to get that land before, and none could work a deal. I saw many abandoned mining operations on the land. Each over 30 years old, and each of these mining groups were ran off the property by the cooperative. Some were simply disposed of if you know what I mean. GE has the backing of the cooperative. Guido was already working with the cooperative when GE showed up, so they joined forces. My concern all along has been moving the gold from the jungle to the U.S.