Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: the Chief who wrote (7141)	7/1/1998 3:56:00 PM
From: Mike Gold	Read Replies (1) \| Respond to of 34075

Mr. Chief, couple of possible answers to your collapsing shaft theory: 1) Seems like I read somewhere that they have, in fact, have collapsed due to poor mine practices and that GE invested money to upgrade the shafts and safety standards. 2) Often you have sedimentary, alluvial deposits in the valley, and hard, erosion resistant rock on the sides and top of mountains. Perhaps the shafts were dug, drilled into "hard rock" and that the placer deposits in the valley are separate from these gold deposits If this is the case, the geology data learned from the "hard rock" might not be as useful as it would be completely distinct from the placer deposits; however, I would still guess that they would have enough to go on from just ground surveys due to the steeply sloping land and exposed outcroppings, road cuttings, trench samples etc. It never ceased to amaze me what my college profs could determine from a couple of pieces of rock about the geology of the area. I read Guido earlier report, and I have no doubts about the size and extent of the gold deposit and that it would be profitable to mine.. I do have lots of doubts about the company itself, however. Hope management gets its act together so we can all make money on this one.