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


To: CYBERKEN who wrote (3088)5/24/1998 1:31:00 AM
From: Andrew H  Read Replies (1) | Respond to of 34075
 
>> My question to him (and I am no expert in these matters at all) is related to his statement that Guido needs to move 200 million tons to prove 6 million oz; as it relates to the fact that we KNOW Guido did not indeed move 200 million tons.

Perhaps Claude meant to say that he would feel more confident if they had tested 200 million tons. I am sure we all would be! But he said that you HAVE to test that much (more or less). That statement, IMO, slams a few doors.

Claude seems to have spent some serious time on this highly-technical matter. Thus I hope he will expand on his prior post.<<

I get it now--good point. I hope he will expand as well! Claude?



To: CYBERKEN who wrote (3088)5/24/1998 1:46:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 34075
 
<< My question to him (and I am no expert in these matters at all) is related to his statement that Guido needs to move 200 million tons to prove 6 million oz; as it relates to the fact that we KNOW Guido did not indeed move 200 million tons. >>

Reads my post again. I didn't say that. I was giving exemple. It could be 30M tons or 10M tons that needed to be sampled to prove up the reserves...I don't know since we don't have info on the grade.