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

To: GC who wrote (7120)	7/1/1998 12:51:00 PM
From: Patrick Lauder	Respond to of 34075

I could think of worse reasons to halt recovery! Reading a previous post I guess that's why the fine gold expert was called in. It seems the problem will be resolved by Jan. '98. Thanks, Pat

To: GC who wrote (7120)	7/1/1998 12:57:00 PM
From: CIMA	Respond to of 34075

According to company officials, not one ounce of gold has been produced by GE in 1998. Apparently there is equipment on site. The explanation for the absence of production this year will supposedly be contained in the 8K. Last year's production hardly puts GE into "producing company" status.

To: GC who wrote (7120)	7/1/1998 1:07:00 PM
From: the Chief	Read Replies (1) \| Respond to of 34075

Hi GC. You said: They halted mining because they wanted better recovery in place, leaving to much gold in tailings. True. BUT..... tailings is not waste material! In the mining/exploration business $$$$ rule. ANY company short of cash would continue a rudimentary processing system with the idea of "reprocessing tailings" with new ore when the "new processor" was up and running to keep a reasonable albeit small cash flow going! This is something that is "basic" and KNOWN information in the mining industry, no black magic here! With every positive statement, and reason why this company is "true blue", and equally powerfull suspicion can be raised using the same statement! the Chief