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

To: Claude Cormier who wrote (8428)	7/7/1998 10:20:00 PM
From: C Hudson	Read Replies (3) \| Respond to of 34075

Claude, I made a post on Kitco to someone that believes the MINE numbers don't add up. I asked him to tell me why. This is his response, can you comment or anyone else? P.S. I still believe the Gold is there, don't jump on me. Golden Eagle has done no drilling, just test pits Yet they actually published gold reserves. This is ludircous. Have you ever heard of residual concentrations? Gold is insoluble, inert. As gold-bearing rock weathers, erodes, the gold remains untouched, and accumulates as a residium in the soil at many times its real grades in the underlying unweathered rock. Every geologist knows this. You must drill to obtain, fresh, unweathered, and therefore unconcentrated samples. If they just test pit, they may be sampling the gold that used to be scattered through thousands of feet of overlying rock, now removed by weathering. They then extrapolate the residual concentrations throughout all the sub rock, as if the concentrations extend to great depths. This is just not done. It is a scam. There may be gold there, just not in the grades sampled in the test pits throughout. IMHO

To: Claude Cormier who wrote (8428)	7/7/1998 10:44:00 PM
From: GC	Read Replies (1) \| Respond to of 34075

The ones I get interested in are the ones I read .I do not brag that I subscribe to 1200 mining issues, I am a pro because I am on mailing list of hundreds of mining companies,your so dam busy searching for that perfect mining stock,it could sit on your face and you wouldn't believe it,because you found something wrong with the report. Come to me that perfect little mining stock I read through all the reports all day all night. LOL LOL But I am going to waste my time on the GE thread. lol lol