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


To: MoneyMade who wrote (3312)5/25/1998 10:00:00 PM
From: C Hudson  Read Replies (2) | Respond to of 34075
 
I have been reading other threads on the internet and this stock is the buzz no doubt. There is one criticism that keeps popping up which I posted earlier, namely that there is a BIG problem with the indicated and inferred ounces with the type of sampling done which cannot show concentrations at deeper levels. The concentration of Gold is much higher closer to the surface and so to make calculations of indicated and inferred from the concentrations closer to the surface is NOT valid. The conclusion is that the proven reserves may be accurate but indicated and inferred is hype. CAN ANYONE COMMENT?



To: MoneyMade who wrote (3312)5/25/1998 10:47:00 PM
From: CYBERKEN  Respond to of 34075
 
Never followed Bre-X. It went to $280? With no gold? Gee.....We have 6.4 million PROVEN and up to 150M possible. And no fraud here. These guys are Ward Cleaver all the way.

Imagine the possibilities. (:->)



To: MoneyMade who wrote (3312)5/26/1998 6:37:00 AM
From: Mark Bartlett  Respond to of 34075
 
Moneymade,

Perhaps I misunderstood the sense of your statement ... _I meant it is important to get third party analysis outside the domain of the company .... I was under the impression you were suggesting that people ignore this type of info and rely only on the company's input to make their decisions .... IMO not a good idea. Nothing against the company - I just believe it makes good sense.

MB