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

To: CYBERKEN who wrote (3084)	5/24/1998 12:40:00 AM
From: Andrew H	Read Replies (1) \| Respond to of 34075

Ken, I don't think Claude has ever said they are "impossible." Only unlikely. One has to agree it is unlikely that MINE has the largest gold mine in the world. Still it is a lot more likely today than it was a week ago. The momentum is clearly moving in our direction. Meanwhile, let us remember that Claude has been around a lot of mining scams and is justly cautious and very conservative in his valuations. I think of him as the industry standard that MINE will have to satisfy if it is to really make the big time. He is sceptical and reserving judgment until more information is available. That is not unreasonable. Claude is higly respected, and I would hate to see him driven from the thread because of a reasoned scepticism. We have the opinion of only one geologist. We need a second and thrid opinion. Meanwhile, the stock should rise on its excellent and newly defined prospects, while we are waiting for more information.

To: CYBERKEN who wrote (3084)	5/24/1998 1:43:00 PM
From: Claude Cormier	Respond to of 34075

<<No disrespect intended, but you keep making statements that indicate that Guido's "proven" numbers are impossible. >> DOn't think I said impossible... But if they got 6M ounces proven with the limited amount of work they done, it would be a first and this deposit must have very unique configuration. By North American standards, it takes much more to prove up reserves. US mining standards alone say proven must be defined by sampling to depth at each 25 meters from surface. Australian says the same. I don't know what standards Guido is using. <<So you must keep getting the same question: Is he, in your opinion, a fraud or a fool? >> I have bo idea. Maybe he is just too optimistic enthusiastic. Understand me well. I am not saying the gold is not there. I don't know. All I say is that when I compare the exploration info published by MINE on this project with all the other situations I have looked at, MINE and Guido's conclusion at this point looks premature. They probably know more than what they have published. I hope they will tell us soon. Until tell, I think I am right to be prudent.