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

To: DR. MEADE who wrote (9042)	7/9/1998 11:32:00 AM
From: Tom Frederick	Respond to of 34075

Dr. MDIN Meade, the agreement to verify the find was by directive from the SEC. I seem to recall management saying only a few months ago they would NOT spend the money on a third party program. Now the SEC has forced the issue so compliance is no reason to get really worked up. As far as majors watching this, PLEEEEAAASE. Yes, the majors scan the globe for companies with suspended trading by the SEC and comments from SEC representatives who have seen the reporting on the ore body that raises serious concerns as to its validity. Yeseriie Bob. That's what the majors like to see. Remember, the third party program can either: a) Prove the existence of everything MINE says they have b) Prove up a much smaller deposit than annouced c) Prove no mineable gold at all d) Put alot of people in jail The existance of a third party program being started is not the reason to celebrate. The RESULTS of the program in GE's favor is the reason to celebrate. Remember, Bre-X was trading at about $230 (not counting the splits) before Freeport got in there and started testing. Don't get ahead of yourself. Stick with facts and figures. That's all the majors care about. And as a side note, I can tell you from experience that there are NO big institutions or Majors that will invest in "black box" technology to test ore. It must be some form of SFA to prove up the PM's. Tom