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

To: Bradley G. Fraser who wrote (2155)	5/4/1998 12:50:00 PM
From: Richard Mazzarella	Read Replies (3) \| Respond to of 34075

Bradley, while the thread is a little quiet, before the news is released I want to make a comment about the report on assay. I have noticed in previous press release that the company reported very low grades that were reported in gm/m3. That may be the norm for some companies, but people should be aware that a number reported in those units is inflated by a factor of 2 compared to gm/ton. Reporting in gm is also inflating the number by 28.3 over oz. Troy conversions may have these numbers different, but my point is to be careful. Sea water has lots of dissolved gold, but can't be economically mined. One could claim huge proven sea water reserves. IMO with the current price of gold, the company needs to report the equivalent of 0.03-5 oz/ton (OPT) to even begin to make money. I won't rattle on, but wanted to make this caution before anyone makes an uninformed buy on what appears to be a large number. A large proven reserve on low uneconomic grades is useless.