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

To: JS who wrote (16093)	2/7/1999 9:13:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 34075

Oh contraire. I so wild and wooly an optimists that I actually think that the company directors will probably not end up in a Texas Jail somewhere wearing a pink frock and doing errands for Manuel and his Butt Rangers. That is if they have learned anything at all from this last bout of SEC flu. I am not saying that the SEC is wholly and totally right at all times. But I spotted the flaw in this geos grand projections right off the bat. I am drinkin buddies with all kinds of jaded geos and gee whiz promoter geos and I know some company guys of 35 years experience with majors who haven't the foggiest idea what goes in a qualifying reports and haven't even seen a valuation report let alone have an iota of and idea what the import of one is. On the VSE and SEC there are books of standards on what can be said and what the engineers or geologist's responsibilities are that would piss off the Pope. Frequently the rules are bent a tad but you have to know exactly how to do that and being a geologist is not the answer.. even a PhD geologist. You have to have personal experience with the regulators on a first name basis. You have to have dozens of reports on dozens of mines and properties before you know what the ropes are. Exchange reports and straight geology are two separate fields. FGAC and consultants status and a name in such is a whole special field. Qualifiying a newbie, not matter what his school and work pedigree is not a good idea with a property of controversy. Since the division of labour in geology ranges from IR people to rock beaters to paper pushers, many guys of long experience never see this phase of the business. I reckon that valuation qualified geologist in Ontario that are worth paying one dime you could count on short digits without having to take your shoes off. I would not ever hire Behre Dohlbear to do a Canadian Valuation. Not enough depth of experience with the Canadian Exchanges. I don't care how many mills they built. If the guy could not tell me the name of the chief policy regulator/officer on the VSE, what he liked to drink and the date of the last revision of securities policy, I would hire somebody else whose report would be used as an example of what to do. I happen to know those people so I don't look elsewhere. EC<:-}