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


To: Martin E. Frankel who wrote (3654)5/27/1998 4:44:00 PM
From: Tom Frederick  Read Replies (1) | Respond to of 34075
 
Marty, you make some excellent points. The next most important piece of information will be the assay results when they come out. What is the opt? Next after that will be who did the COC? Then, who did certification of results? And then, what is the cost of setting up operations. (Bringing in power, water, roads, removing overburden, etc.)

Like you, I agree that to make the big money, you need to buy real low when no one else believes in a stock, especially junior exploration stocks. And as you know you can get burned or rewarded in equal measures by simply not doing any DD and buying on feelings alone.

My last post was intended to encourage anyone to ask the basic important questions for a PM stock. It doesn't cost a stockholder much to do the DD. Make some calls, ask the questions.

I hope the company report on the detail of the 2,900 assays does indeed support the deposit size claims. If it does and the work is credible, this will go, and go far. If any of the work is not verifiable or is questionable at all, it may take time for retesting in secure conditions to prove the assay results are independent.

This is what it all comes down to. The credibility of the testing and the economics of recovery based on the opt.

Good luck to you. I truely hope this is one of your winners.

Tom