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


To: Mike Gold who wrote (7154)7/1/1998 8:43:00 PM
From: Cytotekk  Respond to of 34075
 
Good post Mike. You have been engaging all day. eom

Colleen in Orlando.



To: Mike Gold who wrote (7154)7/2/1998 8:25:00 AM
From: Tom Frederick  Read Replies (1) | Respond to of 34075
 
Mike, before you start adding them up real fast, remember GE must show opt that is economical to recover. Larger is also more expensive and it all comes down to what it costs per ton to process and what each ton yields. They could have 500 million ounces but if it is at for example, .001 ounces per ton, there is no known method for recovery that can make that economic.

U.S average grade is .05 opt. World average is a little higher I believe. Look at the grade of ore and that gives you a starting point to a profitable property.

Tom