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


To: Jambo22 who wrote (12166)8/10/1998 9:02:00 AM
From: Proactive  Respond to of 34075
 
Might you have a resume on Albert Trites.
I know he comes from a Colorado School of Mines background.
Top Geologist for over 30 years....

Can you fill in more?

Thanks

P~



To: Jambo22 who wrote (12166)8/10/1998 9:42:00 AM
From: rjbac  Respond to of 34075
 
Jambo,

If you reread(but pretty boring and who really cares anyway)that post you will see that I said the SEC charges bug me the "most". There are other things too. I then went on to say that if they could resolve those charges amicably I "might" invest again. I am not trying to sound like Pres. Clinton explaining his bedroom antics but the word "MOST" means "more than 50%" to me and "MIGHT" means, I guess "maybe" which is on the fence 50-50 in my eyes. Either way, I wrote it and that's how I interpret it. Sorry if you felt I was much more positive. Take care ...

Bac




To: Jambo22 who wrote (12166)8/10/1998 11:25:00 AM
From: Proactive  Read Replies (3) | Respond to of 34075
 
This says it all,

Donald M. Hausen, a 26-year industry veteran, advising editor of the Journal of Mineralogy, and former chief of exploration for mining giant Newmont Mining Corp. Dr.Hausen, who helped develop the enormous Carlin Trend in Nevada three decades ago, has visited Cangalli and says he is convinced that there is a huge gold deposit. "I've never seen or heard of anything like it," he says."It's a new type of deposit, and that's what's stumping mining companies."

How big a deposit isn't clear. On May 22, Golden Eagle said that, according to the independent mining engineer's report, the Cangalli site held proven reserves of 6.4 million ounces of gold, and "inferred resources" of a stunning 157.4 million ounces of gold. That larger number would amount to more than $46 billion in gold at today's prices.

Dr. Hausen isn't so sure about that. "The numbers on this deposit seem unusually high," he says. But, he adds, "it is a very, very large deposit."

*Published in the "Wall Street Journal"

P~
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