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

To: Diamond Daze who wrote (3903)5/30/1998 4:41:00 PM
From: Don Rohner  Read Replies (1) | Respond to of 34075
 
We can pretty well understand what the 80% property looks like from previous news releases, I have state the following before:

Previous report on 50% of the property was a grade of 14g/cumeter with a max reserve
of 170M oz.

Now we a have on 80% of the property a max reserve of 243M oz.

A simple ratioing would be as follows:

50%*14gr/170Moz=80%*Xgr/243Moz

X=12.9gr/cuMeter (Again this is very conservative from how they did it. Essentially within the error of this calculation probably the 14 gr is still a good number!)

DR



To: Diamond Daze who wrote (3903)5/30/1998 8:14:00 PM
From: Sawdusty  Read Replies (1) | Respond to of 34075
 
Hi Chris.

Sounds like the mother of all "pits".

Economical?

Regards



To: Diamond Daze who wrote (3903)5/31/1998 6:08:00 PM
From: Claude Cormier  Respond to of 34075
 
<< Man I sure hope their new report can show us 1.7 grams per ton for
1/3 of this property....Cheers >>

Well their property is not 200km by 30km...that is the hole CAngali formation representing several hundred thousands acres. They have only 4800 of thos acres.


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