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


To: john who wrote (7544)7/5/1998 11:23:00 AM
From: Patrick Lauder  Read Replies (1) | Respond to of 34075
 
One of the strongest points that tells me the gold is there and economical, is the history. I was once invested in a junior gold exploration in the Chezh Republic. The big selling point for me to buy the stock was the history of the area. They were pulling gold out of the ground since Roman times. I figured if the Romans with their technology were pulling out gold, why not pick up all they left behind with our modern technology. I was right and the junior was bought out by a major and put into production.

The same I feel will happen for MINE. I tend to think if they pulled out 32 million ounces out of the area already, and they set records for the most amount of gold extracted in one day, and the largest amount of gold in a specified amount of tons, there must be so much more gold that has not been extracted. IMO I think we will discover more than what Guido has estimated.

I agree that there are other things to consider eg. POG, SEC, etc,...
but most of the points being made against this company seem to ignore the rich history, which in my mind screams volumes!

Pat