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

To: Jon Matz who wrote (9837)	7/14/1998 7:33:00 PM
From: SteveWW	Respond to of 34075

Jon I agree that drilling will be needed to delineate the vertical and horizontal extent of the pay zone. Since the pay zone is in a conglomerate, and not in a ore body per say, the gold content can vary greatly since the depositional environment changed over the course of the deposition of the Cangalli formation. I will assume that a drilling program will come later when a major is brought as soon as it has been determined that Guido used standard industry sampling methods to assess the claims. Steve

To: Jon Matz who wrote (9837)	7/14/1998 7:40:00 PM
From: the Chief	Read Replies (1) \| Respond to of 34075

Hi Jon. In pursuit of the "BIG ONE" lets slow down here. The largest resource on the PLANET is not pure gold and it is 82,000,000 Gold equivalent ounces. What you are postulating here is exactly what I criticize Guido for!! If you have the possibility of a large deposit you "PROVE" it up in stages. This serves two purposes; 1) You attract the majors with continuing resource improvements, improvements that are shown to be done in a logical and formulated manner. 2) You attract investment to the project by the display of "quality work and good results". NEITHER of these things have been done here. So Jon, believe that Guido is good and believe if you will the property is good, but to put out 111,000,000 or your 300,000,000 is so ludicrous its rediculous. Much like there is no purpose to "GUESSING" .20c and $25.00 there is far less REASON to GUESS these absolutely universally stupid numbers. Lets see if he can get 6.4mm ozs first then wait for more LOGICAL confirmation. Nothing, absolutely nothing has come close to Lihir or Grassberg in size for years and years, that is why Bre-X was such a wonderous thing...... really freakin wonderous...grumble grumble... the Chief