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

To: Andrew H who wrote (3018)	5/23/1998 3:28:00 PM
From: CIMA	Read Replies (1) \| Respond to of 34075

I think it is more prudent to use much higher figures for the number of fully diluted shares out. I've heard between 130 and 180 million. The exact figure should be contained in the pending annual report. It's better to err on the high side IMO.

To: Andrew H who wrote (3018)	5/23/1998 3:36:00 PM
From: Claude Cormier	Respond to of 34075

<< according to these calculations of 1B for 6--7M indicated, then if it turns out Guido is correct about the 78+M indicated,MINE should be worth about 12B, is that correct? >> Of course, it depends on the definition each company is using for "indicated resource". I am not sure if MINE has done the same kind of work that Arequipa did to come up with a indicated resource of 78M ounces. Arequipa's work spanned over several months and included the several holes of drilling and digging of 3 large channels into a mountain...and they reached 6M ounces on this basis.