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


To: Jim Bishop who wrote (4419)6/6/1998 7:24:00 PM
From: Henry Volquardsen  Read Replies (2) | Respond to of 34075
 
Excuse me but why would a jv partner be interested in spending their money with some form of confirmation that the gold is there.

You say If GE know the gold is there, they know it's there, let the other guys pay for the proof they need. That won't get them anywhere. They can believe all they want if they don't have the cash to get it out it won't do them any good. And no major is going to plunk down any of its money based on an internal report with no third party verification. It just doesn't happen. And without the money to exploit the property all you will have is a pile of dreams.

I agree the company has more important things to worry about than the share price. They should be working on providing third party verifiable numbers. Nothing else matters at this stage of the project.