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

To: Probart who wrote (11354)	7/28/1998 10:32:00 AM
From: the Chief	Respond to of 34075

Hi probart. How long in your experienced opinion do you think this might all take? Well to be honest it is very difficult to say. Its sort of a Kenneth Starr/Bill Clinton Scenario. If the "prosecution" goes in looking to hang somebody, then they dig in "ALL" the corners. If the prosecution goes in with "open mind" then they may accept things more reasonably. Alot of this is politics, the impression of a complete analysis of GE is generally preserved by taking twice as long as normal. That is to say, that if they came back next week and said, everything is fine, the SEC would send another group in to find out if they did a thorough job. So the short answer is probably 4 months, the long 6 months. I realize people will quote Strathcona, but... remember its easy to perch a drill rig on a hill, remove a core and send it off to a lab. How do you varify grab? Do you grab in exactly the same spot? If you don't and the numbers are radically diferent, does that make the original grab a lie?? If a grab was taken at a depth of 65ft in shaft 4, will grabbing at 65ft in shaft 4 give you the same results? If you grab at 65ft in shaft 4 but on the north side, will the grab be consistent with the grab on the west side?? ..........this is why I don't like grabs!!!!!!!!!! especially small grabs! If Guido's record keeping is up-to-date and all of the grabs were appropriately marked catalogued and processed. If the grab sample area is not an anomoly area but an area consistent with its geological and geophysical surroundings than they can reduce time to completion. Any inconsistencies between ledgers, processees, and International Mining Standards will slow the process down considerably. Hope for 4 months count on 6 months. My opinion only!!!! the Chief