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

To: Diamond Daze who wrote (3901)	5/30/1998 2:38:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 34075

<<I would like to know where you came up with the 8 gram per ton ?? or was that just for calculations only.>> Mainly for calculation and to provide an example. But If I reacall, in the April 97 Guido's report, he says something about average grade of 14g/cubic meter which is more or less 8 g/t. Anyway, the purpose was to demonstrate how large an exploration program must be to develop a resource of that size. << So that would change the 13,000,000 to 104,000,000 cubic meters... and change the block from 1000 to 8000 meters long from 450 wide to 3600 meters in width ???? So now Guido says 80 mill...how big a block would that be ??? 110 mill oz ??? how big would that be ???? >> Of course the grade will make the difference. Another reason why I am surprised by Guido's conclusion. They really need a high grade to make this thing work.