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

To: JS who wrote (16266)	2/13/1999 12:34:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 34075

<< Well of course those numbers are not proved Claude, otherwise the price wouldn't be $.25! Right? It would be more like $25.00 or $100.00!! >> Agreed... But the problem is that MINE published these numbers as is. << Fine let's talk market cap. I wasn't kidding about companies with $25-$30m. that have 6m. in proven PLUS 140m potential.>> There are no companies with 6M proven and a market cap of $25M. Nor there are stocks with 140M potential..NO MATTER WHAT is the market cap. Never said that. Of course. << Are you also saying that other juniors don't hype their numbers?? Claude, you should know better. This is mining we're talking about not the Chartered Accountants Association or the Order of Grey Nuns!!!!!!>> Well I read all the press release issues by mining companies in Canada... every day... or almost. And never saw this kind of hype..but for only 3 or 4 others cases that claimed more than 100 hundreds millions ounces... Responsible companies usually never publicise number of ounces before they have done enough exploration work to substantiate their saying. Oh they will say stuff like "We could have a million ounces there"... but they never advertise them as proven, indicated or inferred publicly until the work is done and the rules are followed. But, more often then ever, you will hear things like "We have'nt done enough work to advance any numbers. I am talking about the Minefinders, Cumberland and Metallica... Understand me well, I am not saying that MINE has no gold...we will find out in years... but I am saying that, so far, they have not followed the rules and in doing so, many investors, (those who believe the story when the stock reached last summer highs) were hurt. Joe, MINE property make sense and could some gold. There are enough evidences that make this possible. But the style of the company and the way they hyped the project tells me it is better to stay away for now. CC (Watching)