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


To: Jon Matz who wrote (11394)7/28/1998 5:29:00 PM
From: John Finley  Read Replies (1) | Respond to of 34075
 
Jon,
Maybe Claude hit it big and went on vacation <g>.
JF



To: Jon Matz who wrote (11394)7/30/1998 8:58:00 AM
From: Jon Matz  Respond to of 34075
 
Claude's note on Behre Dolbear, in response to a PM from me:

Just got back from a week of vacation...

<<1. What will BD likely do?>>

BD can do a lot of things...depending on what they are asked for. The more they do the bigger the budget. From a few hundreds thousands to a few millions.

They can verify the assays on a limited number of samples, or they can do the whole thing and compute new resource numbers in all categories.

2. What estimated time frame?

It can take a month or two if they only have to get back on the ground, take a few hundred samples and reassay them. It can take 6 months and up if they have to take 3000 smaples and assay them, study all historical data, and compute new resources numbers.
Very hard to say without knowing exactly their mandate.

3. What's the very most an investor should expect from audit?

Given what is at stake, I would not expect less than a verification of the resources numbers (including confirmation of the 6M proven) based on chain of custody of new samples taken by BD at the same locations Guido did take his samples. But honestly, I would be surprised if we get this. This is certainly an expensive proposition and I am not sure MINE has the $$$.

4. If the audit is positive is that when you would invest?

Most likely.

I will get back on the thread and comment further...at the latest next Monday.

CC

Note: I slightly edited the original post making no material changes. Claude typed it out quickly and there were a couple typo's.

Cheers, Jon