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

To: toma who wrote (12206)8/11/1998 7:59:00 PM
From: rjbac  Read Replies (1) | Respond to of 34075
 
toma,

Are you aware of the size of MINE"S property.(pretty big don't you think). I'm not a geologist but I have invested in "many" gold stocks over the past 20 years even know some key CEO types.... Everyone I talk to concerning this "sampling", laughs at the thought of trying to prove up 6.4 mil. OZ"S with 1000 or even 3000 samples, especially "grab" samples. I have companies with possible 2+ mil. OZ's who have been proving up and verifying for 8 years on properties 1/2 or less the size of MINE's. Hey, you state is it likely; I say no way...You state will it give a better idea; anything helps but we/I want proven reserves not more inferred...please feel free to tell me where my thought process on this has gone astray.

Bac

Bac




To: toma who wrote (12206)8/12/1998 12:03:00 AM
From: Claude Cormier  Read Replies (2) | Respond to of 34075
 
<<but, 1000 samples collected at widely distributed locations WILL definitely, give a better idea of how much is there. >>

Of course...to some degree they will know more about the property... but isn't there a question of credibility here. After all, a statement was made that this property contained 6M ounces proven, 78M ounces indicated and 157M inferred. If any third party comes out with a non-confirmation... then isn't the game over?


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