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

To: Mike McFarland who wrote (3846)	5/29/1998 12:19:00 PM
From: Gerald L. Kerr	Read Replies (2) \| Respond to of 34075

At this point, MINE is pure speculation. For what it's worth, my formula for putting money in a stock like this is: (No. Shares)=($$'s I could lose and still laugh about it)/(Share price) As long as one understands this is Power Ball with better odds rather than investing it's OK. Gerry

To: Mike McFarland who wrote (3846)	5/29/1998 12:43:00 PM
From: David Young	Read Replies (1) \| Respond to of 34075

Actually, if you check out the 8-K filed with the SEC on 30 Dec 97, it contains notes on the site visit to Cangalli by Donald M. Hausen, Ph.D. dated Sept 97. If you read over that and then look once again at the press release of last week, a lot of things begin to fall into place. It also addresses a lot of the very good questions that have been asked on this thread.

To: Mike McFarland who wrote (3846)	5/29/1998 1:07:00 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 34075

<< There has not been much discussion on the thread lately about the criteria which have to be met for "PROVEN". >> To have gold in the proven category means that all the ounces counted as proven MUST BE within a 25 meters distance of a sample that has been measured by traditional assay methos usually Atomic Absorption (AA). There must be at least 3 samples taken that are within 25 meters to consider the block as containing proven gold. But this definition doesn't not really make the gold proven. It makes it "Measured". The difference between measured and proven is that the later category means that the gold can be mined economically. When the there are only 2 samples within the 25 meters, the gold is considered to be "indicated" or "probable" if mineability is OK. Inferred resources are those that are 125 meters distance from the sections where the samples were taken. P.S. I got this definition from a junior mining co. Apparently they are more or less the standards as defined by the US Bureau of Mines and the US Geological Survey (Geoclogical Survey Circular 831). I never spent the time to double check.. as I have witness over the years many juniors using the same 25 meters guideline.