Here's a quick snapshot of what they have: (total oustanding shares at approx 115 M) and they have about 100 M in cash.

GOLD EAGLE MINES LTD.

TORONTO, May 27th, 2008 – Gold Eagle Mines Ltd. (TSX: GEA) (“Gold Eagle” or the “Company”) is pleased to report an exploration target potential for the Bruce Channel which has been prepared by Mr. Peter George P.Geo., of Geoex Limited. In Mr. George’s opinion, the exploration target potential of the Bruce Channel, based on the drilling completed to the end of 2007, is 14.1 million tonnes to 16.5 million tonnes grading between 20 grams gold per tonne to 25 grams gold per tonne, yielding an in-situ potential of between 9.0 million to 13.3 million ounces of gold.