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

To: Mr Metals who wrote (4138)	6/4/1998 1:54:00 PM
From: Tom Frederick	Respond to of 34075

What you mean is the trail lead to nowhere. They started with claims of lots and lots of Gold and PGM's but when the real, COC, certified results came in the concentrations per ton were so small, it implied a non commercially viable grade. (I recall it was in the .0028 opt range). So they may indeed have lots of gold there, but if you can't take it out profitably, it isn't worth the effort to get it out. They are hoping to improve results with new testing but as of yet it has not been reported. IPM went from a high of around $15 to currently being delisted and trading in the .10 to .15 range. The lesson is simple. Claims of lots of gold are great. COC, certified results start to point to economic recovery, without which you don't have a mine. Let's hope the initial assays are good (over .05 opt) and they are repeatable. Tom