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

To: Douglas Lapp who wrote (4398)	6/6/1998 3:23:00 PM
From: Claude Cormier	Respond to of 34075

<< So they may be going the JV route, this i perceive is apparent because the company has no desire for third party sampling. >> Well I guess we will find out soon. And I will likely be a buyer on this news. << The plant site IS on the Cueva Playa location, and is owned by Golden Eagle. Golden Eagle Built it at a cost of about $300,000.00. I don't know how big Cueva Playa is but it is included in the total of the property owned by Golden Eagle. >> Thanks for these details, and , that is positive. But everybody should keep in perspective that plants that allow processing of 10,000 t/d and production of 500-650 ounces per day 125,000-175,000 ounces per year) cost on average between $50M and $100M. So, on that basis, the company comments and the reference to Guido's forecast in the December 97 SEC filings are not clear. <<They have paid for 3 studies (independent) to date with all assays being triple tested by independent assay houses. As i said they at this point are not concerned with another Independent study, but that could change rapidly. >> The operations at Cueva Playa and the enormous resources announced recently, are, IMO, two separate issues. CC