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

To: Tom Frederick who wrote (7034)	6/30/1998 2:47:00 PM
From: Brad Morris	Read Replies (2) \| Respond to of 34075

Why has this stock not traded in days? Thanks! Brad

To: Tom Frederick who wrote (7034)	6/30/1998 2:51:00 PM
From: the Chief	Read Replies (2) \| Respond to of 34075

Hi Tom. You have just described the "pre-feasability study too..... Bankable feasability Study" process to justify and finance a mine. You said: And there are literally hundreds of combinations making the discovery phase somewhat challenging. Actually the pre-feasability study will elliminate all but the obvious. You said; 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. That would only be done if this project was cut short and a bankable feasability study is not completed. That would make funding extremely difficult so this study would not be elliminated. You said;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. I agree, however alluvial gold is one of the cheaper processes and can be "freed" more easily than other types of gold. Where things get expensive is crushing, and this does not appear to be the case here. You said: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 reliable report to which you refer is the Bankable feasability study. This "process" takes upwards of 12-16 months for completion. It explains in detail the cost, the process, the recovery rate, the grade, the tailings disposal and environmental concerns. the Chief

To: Tom Frederick who wrote (7034)	6/30/1998 7:47:00 PM
From: Lucky Lady	Read Replies (1) \| Respond to of 34075

I believe that costs of production will soon not be an issue as long as the gold is there. As the year 2000 gets closer people will hedge with gold and the price of gold will do up...result = more mining...more major interest ...etc. I times of uncertainty, investors turn to gold. IMHO Lucky Lady