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

To: Claude Cormier who wrote (3324)	5/25/1998 10:44:00 PM
From: Sojourner Smith	Read Replies (1) \| Respond to of 34075

Can you call the company tomorrow? I don't think Guy will be able to answer your questions. Maybe Guy or Sabrina Martinez could give you a contact person. I believe Terry is currently in the U.S.

To: Claude Cormier who wrote (3324)	5/25/1998 10:52:00 PM
From: David Sirk	Read Replies (1) \| Respond to of 34075

claude! Have you taken the time to read all the Information on the Golden Eagles web sight? It answers allot of the questions that you raise. This story is just starting!

To: Claude Cormier who wrote (3324)	5/25/1998 10:56:00 PM
From: Michel Grenier	Read Replies (4) \| Respond to of 34075

Claude, on this one, I disagree. The annual report will show a loss of around $4M. Recently, they borrowed money ($250 000) through convertible debentures. They have a market cap of at most $48M (at last trading price of around $0.30 and a maximum of 180M shares). To get financing in those conditions, they would have to sell the farm... cheap. If, however, they start production on a relatively small scale as planned and generate $2M to $3M a month in net income, they can self finance more complete surveys and then, go to the bank or to partners and get good conditions. Big cash flows will not come as fast, but they will keep more of it when it comes, IMHO