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

To: Cytotekk who wrote (2381)	5/10/1998 12:03:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 34075

Cytotekk, <<you are not a share holder>> Do you believe everything Metals tells you? Yes I'm long MINE. Not because I believe the hype, but because others do.

To: Cytotekk who wrote (2381)	5/10/1998 12:09:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 34075

He's a liar:-) GOLD MINING IN BOLIVIA Bolivia is the New Frontier for the world 's exploration companies. Although it is traditionally a mining country, knowledgeable professionals estimate that only 10 percent of Bolivia's vast mineral wealth has been exploited. For instance, the country's famed Cerro Rico de Potosi silver mine has operated continuously for more than 400 years and has yielded more than 3,000 million ounces of silver. But it is felt that the location may contain a similar amount of silver as disseminated ore amenable to modern mining techniques. While Bolivia has been known for its silver, and tin, deposits, limited exploration has demonstrated that the country also has the potential to become a world-class gold producer. ABOUT THE COUNTRY Bolivia is a democratic republic with a President, Congress, and Supreme Court. The country encompasses 424,200 sq. mi. in west-central South America and the majority of its 6.5 million people are of Inca descent. The official language is Spanish. Bolivia in 1985 enacted a New Economic Policy (NEP) comprised of laws and actions which curbed runaway inflation and transformed the country into the most stable democratic economy in Latin America today. Because of its extraordinary mineral wealth, Bolivia realizes that successful mining operations will help to ensure the country's continued economic reactivation. It has therefore modified its mining codes, and developed an infrastructure, designed to attract exploration companies from throughout the world. Politics and Investment Climate Following the failure of the country's socialist regime, democracy has existed since 1982 and, since 1985, the government has followed a liberal, free-market economic policy. Mining companies are not only attracted by Bolivia's favourable geology, but also by a good business climate and mining laws which are at present some of the most attractive in South America. The government welcomes foreign investment in the mining sector and, to that effect, in 1991 passed a number of new mining, hydro-carbon and investment codes to stimulate economic growth. The main provisions included: A maximum tax on profits of 30%, the lowest in South America --- there is no tax if profits are reinvested in the country; Unrestricted import of mining equipment and a low import tax; No restriction on capital and profit repatriation; Equal treatment under the law between foreign and domestic companies; and Reform of the land tenure system along with a clearly codified mining law and minimal bureaucracy. There is now clear title directly from the ministry of mines and 100% foreign ownership is permitted. The current president of Bolivia, until being elected in August 1993, was the owner of the langest private mining company in Bolivia (Comsur) and is thus supportive of the mining industry. The country now has the lowest inflation rate in Latin America (10%) after a period in the 1980s when inflation reached 23,000%. The currency is freely exchangeable with the U.S. dollar. Because mining is such a dominant part of the Bolivian economy, there exists an excellent infrastructure of mining equipment, experienced miners, and mining laws which guarantee security of tenure. Mr Metals