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

To: CIMA who wrote (1381)	3/25/1998 12:29:00 AM
From: Jay Z.	Read Replies (1) \| Respond to of 34075

CIMA the drill results could be released at any time. I expected them out many months ago. I believe they want to wait and release the 1000 samples first Approximately 15 months ago, Ron said, and I quote, "Today we received great news, they struck the mother load" meaning the drill results were in and they found the "causway" excuse my spelling, where they had hoped it would be. Very rich in shiny colored stuff. If you want to visit me, I have some samples in a chapstick container.(that's what I had on me, when I was at the mine site). Nothing was ever released about this information, mainly because I believe they were not ready financially to follow through on the find. First things First When the ball starts rolling, look out!! Shirley's on her way!!

To: CIMA who wrote (1381)	3/25/1998 11:17:00 AM
From: Claude Cormier	Respond to of 34075

Cima, << Claude, check the last press release in December. That is between $2.25 to $3 million dollars per month, not thousands.>> Well it is only an hypothetical proposition by the geologist and these numbers are revenus, not net earnings. << ...with the first netting $2-3M/ month in the next couple of months. >> A big difference. And, btw, I read nothing about production facilities. To produce 500/650 ounces of gold per day, one must have spend at least $10M in capital expenditures for a recovery plant. << GE has said there is a report involving 1000 samples to be released in the next week ( unless they decide to release in chunks ). These are apparently a combination of small and bulk samples with every tenth sample double-checked by a second lab in England. >> Well this will tell us more.... Thanks.