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

To: CIMA who wrote (12339)	8/18/1998 2:32:00 PM
From: Ironyman	Read Replies (1) \| Respond to of 34075

Cima, My opinion is that your price my be a bit low. Should the company somehow figure out a way to avoid leaching and maintain a 90% recovery rate,then the cost of production should fall to around 100.00 per once. Maybe the company should try one of those Knelson whirlpool things .

To: CIMA who wrote (12339)	8/18/1998 2:49:00 PM
From: the Chief	Read Replies (2) \| Respond to of 34075

Hi CIMA. You said:Feel free to tear my logic apart... Let's assume 200,000,000 ozs of gold. Let's assume 10,000,000 proven. Where did you ever get 200mm ozs from ...even on an assumption...which at best is absolutely proposterous!! Even Guido doesn't assume 200,000,000 ounces!! Secondly, there is ONE report that states that smaller particles of gold raise the values from .8g/t to 14 g/cu/m. So if ONE was going to assume anything at this point, he would assume that Trites and crew (prior Guido) were right and Guido's was the "throw away high"! I know you, from other threads, I didn't think you'd come out with something as irresponsible as this! What you have "assumed" is a deposit 3 times bigger than any other deposit in the "world", in the WHOLE FREAKIN WORLD!!! From ONE GEOLOGIST WHO HAS FOUND something no other geologist has discovered elsewhere in the whole of Bolivia!! And you are going to ASSUME 200,000,000 ozs????????? Geez the Chief

To: CIMA who wrote (12339)	8/18/1998 3:33:00 PM
From: gregor	Read Replies (1) \| Respond to of 34075

>>>>>>>Let's assume 200,000,000 ozs of gold. Let's assume 10,000,000 proven.Let's assume the purchaser is willing to pay $25/proven oz. and $5/indicated oz. Let's assume the POG stays at $300 or lower to year-end so those price/oz figures stay low.<<<< ......you make your assumptions --I'll make just one..... Lets assume the reasonable cost to develop and extract is greater than the cost to develop and extract in competing areas worldwide....conclusion...property is never developed....