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

To: Fund Manager who wrote (11598)	7/30/1998 4:51:00 PM
From: the Chief	Respond to of 34075

Hi Fund Manager. There are many reasons why this stock doesn't have an legitimacy at the moment. 1) No money in the company 2) Outrageous claim (true or false) 3) Walsh (Bre-X) was literally broke and needed a wonder discovery to prevent him from starving to death... This "looks" like the same thing. GE out of money, all of a sudeen "wonder strike". 4) The Price of Gold (POG) has toiletted. People aren't interested in commodity plays at the moment. 5) 3rd World country "now you own the property , now you don't" unless you grease our palms scenario is feared. 6) No "drill hole grid" to give confort level to even the novice! 7) Previous mining on the property showed 1-2g/t until Guido noticed the "flakes and micron sized particles", which compares to Felderhoff(Bre-X) saying to the geological society and media .... "go back to school" when dealing with this type of gold keeping half the core, distorts the actual assay values,...... "actually fire assay values give me 15-18% higher gold values than I am presently getting with cyanide!"..." I am staying with cyanide to create a real scenario even though it"understate the deposit"!!!! 8) World Central Banks keep threatening to sell gold, people are afraid to get in when there still is a downdraft on the price. 9) Gold is used to "hide" from inflationary pressures, no inflation = no investment!! 10) No one "really believes GRABS"!! 11) Commodities are presently out of vogue! However, If the deposit is there!! they will come!!! the Chief

To: Fund Manager who wrote (11598)	7/30/1998 4:53:00 PM
From: Jim Bishop	Respond to of 34075

<If GE has the gold why haven't the shares risen already??> Simple.....BreX. TT agrees, and I think you do as well. This from the USA Today article of July 1/98: "Had it not been for the fallout from BreX, Turner says Golden Eagle might have raced to $100". That's what I was counting on from my day one involvement. With all the press we got, no BreX I think we would have been there as well. I had not counted on so much of the world being so gun shy, and thought greed would have been a big factor months ago. Greed took a real beating with BreX, too bad, I'd be long gone on a boat in the Caribbean, with a fancy laptop, cell hookup, bonefish flats all around me, and still have a couple million $$ in the bank. < mining community from buying the shares if they believed it.> Mining community too small. I'm sure they have assessed it to death and are obviously very sceptical, so I guess you are right they don't think it probable. So I'm remaining hopeful that they, and a lot of other people are wrong. I'm still banking on the history, and the fact that this valley just might be different than any other place on earth. Time will tell, hope we all live long enough to find out. Regards, Jim