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


To: CIMA who wrote (1373)3/24/1998 9:57:00 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 34075
 
CIMA, <<At no time has anyone expected those numbers to be economic>> Thank you, I didn't realize that. Has the company ever released to the market assays that support economic recovery? I did take a position in this stock, just enough to become serious about investing more time doing due dilly. You have been very helpful to me, thank you. I hope your call for proven 5MM oz is realized. Assuming the simple working of ore and recovery for the metals, $30/oz in the ground could support a stock price of $1.50/share. People selling at $0.20 would be nuts. Not a bad bet at these prices IMO.



To: CIMA who wrote (1373)3/24/1998 11:08:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 34075
 
<< I expect 5-10M ozs proven at a minimum >>

To prove that kind of reserves, a company need to spend a lot of millions and analyse several thousands samples. SO far I have seen results of some 200 samples at the most and very little money spent.
Can you tell me more on the specifics that lead you to such a conclusion.



To: CIMA who wrote (1373)3/25/1998 8:47:00 AM
From: Mr Metals  Read Replies (2) | Respond to of 34075
 
I expect
5-10M ozs proven at a minimum and increases in
probable and inferred.


It's not going to happen. It would be great news to have 250,000 to 500,000 ounces proven at this point. It will take some time before we get 5-10M ozs of proven.

Mr Metals