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


To: GC who wrote (9574)7/12/1998 11:53:00 PM
From: Diamond Daze  Read Replies (2) | Respond to of 34075
 
Thats right buddy...GE CLAIMS...let see them prove it...the problem is with those who claim it. Cheers



To: GC who wrote (9574)7/13/1998 12:59:00 AM
From: rjbac  Read Replies (4) | Respond to of 34075
 
GC,

"Not one of them claim to have 6.4 mil oz of gold"

**** NEITHER DOES MINE(anymore). ****

I think this is a fact that most of you, in your exuberance, have failed to let sink in. The press release with those figures has absolutely no basis in fact. The report that possibly could back up such a lofty claim should not and will not be released.(This comes from the Pres. of MINE Mr. Turner). Plus the "expert' who did the assays and the report(only 2900 of them?), told the SEC mistakes were made in the calculations. This totally nullifies the report and the press release and may make MINE face additional SEC fraud/Hype charges.(This is from the SEC not my words). A 3rd party verification might help to get the ball rolling again for this stock. But that has not happened to date and until a report comes out from a 3rd party and is read and analyzed by all(any experienced investor), the statement you just made is pure HYPE and makes any of Chris's "picks" look like BLUE CHIP stocks.... But I hope this stock is the real deal, because if not many people are going to lose lots of money, plus it's another black eye for the mining sector, and some folks(within MINE) might be going "up the river". Of course, JMHO. I really "do" hope I'm wrong...

Bac



To: GC who wrote (9574)7/13/1998 11:50:00 AM
From: Roderick Francey  Read Replies (1) | Respond to of 34075
 
Comparisons:

Yep I agree. If people want to quote comparisons, please use apples with apples (i.e. gold deposits with gold deposits). Here's one for you. It's not a close comparison, but it might give people some food for thought.

Greystar Resources: 19.9 % owned by Kinross
3.5 million proven reserves
over 100 holes drilled

next reserve update is forecasted to be anywhere in the range of 5 to 8.5 million proven reserves. The boundaries of the mineralization
zone continue to be extended. Area has a history of previous gold production.

Last few months trading has ranged from $0.80 to $1.00. There has been some talk of open pit mining, but more likely (if this deposit is ever developed) will entail underground development. Greystar has enough financing for further development for approx. the next two years. It is a well managed junior.

Note: Kinross came in during the 3.5 million reserve estimate was announced. Can't remember if it was before of after the announcement date.

And no I am NOT recommending this stock, although I do hold shares in it. But I use this stock as standard against other junior mining stocks -- which is why I got in Golden Eagle, because of certain similarities. Golden Eagle in my opinion is much more of gamble, but I love to gamble!! :) ok nuff said.