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

To: Claude Cormier who wrote (7033)	6/30/1998 2:30:00 PM
From: Tom Frederick	Read Replies (4) \| Respond to of 34075

Claude, to expand on your point, each ore is unique and the extraction mix of flux material, the best extraction metal, interfering metals, additional PM's in the ore all need to be determined to come up with the most efficient and cost effective formula for recovery. And there are literally hundreds of combinations making the discovery phase somewhat challenging. After a final format is arrived at a pilot plant will need to be in operation to prove scaleable recovery and that alone could take several months to get the correct equipment in, the recovery line built and put into running order. Even then, the material used for the recovery process will need to be drilled and processed by a third party to ensure COC and therefor reliability of the recovered material. This is important to understand if for nothing else to have a realistic time frame in mind for how long it should take to really KNOW what MINE has. There are many, many explored properties around the world with lots of PM's, but because of low PM concentrations, expensive processing costs or difficult geographic challenges, are never mined because profits will be too low. And the kick start to it all is a reliable report which justifies the extensive investment in proving scalable, economic recovery. And that report is what you seem to want to see and what I also need to see. I am just not convinced that an internal report will accomplish that goal for the Market with a capital "M". The recent history in mining has put incredible pressure on providing absolutely reliable, third party proof before general interest is driven to a property for large institutional investing. And without big money or one of the Majors, it becomes a very long, very costly process to end up with a producing mine in any volume that can really move a stock price. Yes, much work needs to be done. Patience is a virtue and in mining exploration and discovery, patience is absolutely necessary. Regards Tom Sorry sunset, but that was really my last post.

To: Claude Cormier who wrote (7033)	6/30/1998 9:19:00 PM
From: Cytotekk	Read Replies (1) \| Respond to of 34075

Claude, I am a little surprised at you! I thought you were of the mind to wait until the third party verification work was done to redetermine proven before you invested in MINE. Actually Claude, my logic is not that far off IMO. The following lengthy post will give you a view of our situation from a lay persons stand point, someone not well versed in the mining business and its complications, FWIW Assuming Guidos report passes muster with the yet unnamed engineering firm who is rumoured to be auditing Guidos report and they confirm Guidos findings, plus or minus 2M (just for a number) AND Let us assume that there is no JV or buyout for now. Let us also assume GE can scratch together some cash or credit to begin production. Then, a painstaking, lengthy, third party verification can begin and production should begin as well, even if at less than optimal efficiency. After a year of production, we will have an idea just how much gold the deposit can produce on a shoestring budget and be able to extrapolate the increased production when and if a JV or Buyout occurs. Joe Schmoo investor and fund manager is no Claude Cormier, or Jon Matz or Sveen or any of the other posters with a moderate or good understanding of mining. The Gold bugs want to know, 1. Is the gold there? 2. Can it be mined 3. Can a decent profit be had considering the dismal price of gold, the lowest it has been in 18 years. 4. Is the company capitalized well enough to withstand some setbacks without diluting the shares more. 5. Will I be able to make money on this penny stock with a sense of security that I am not going to lose my shirt. 6. Will the SEC ever be satisfied and let GE allow the market determine its future unhindered. #1, 3 and 6 are real biggies IMHO. I am sure I have left some key areas of consideration out of my list like the collectives cut, the Governments cut, etc. If the average investor, who is not interested in becoming a mining expert, can feel safe in the above considerations, I think this stock will get to the dollar range quite soon, that is why I think .40 or less is a bargain price at this point. I can double at .80 or less! Ikar is a great example of a mining stock hanging at $1. waiting for news. It is now worth less because the wait has been too long IMO. I think Ikar is a bargain right now. But they are entangled with governments, the IMF and by being in an unstable area of the world. Bolivia is Club Med compared to that regions climate. Nuff said, you and I are in agreement the report should be released before trading begins, correct? We are also very close as to estimates of how high this stock will go in the near future, I do not expect $xx. soon as some people have talked about, of course I could be wrong. I sure would love to see double dollar digits! I want to visit the mining site as soon has production is humming along nicely. I really like Bolivia, I am thrilled to be part of this laid back countries claim to fame. Regards, Colleen in Orlando.