Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: Douglas Lapp who wrote (458)	10/19/1997 8:19:00 AM
From: Dan P	of 34075

I wish this company continued success. As I mentioned, I have again bought shares recently. One of the downsides is the fact that there are 80+ million shares outstanding, according to the IR people. So yes, it will take a lot of buying to move the stock. However, if you look at it from a market cap point of view, if they prove up at least 3 million ounces, this should value the company at US $150 million. At present, even with 80 million shares, the market cap is a mere US $16 million. So if they have even only 1/20th the reserves that Guido has calculated, we should still see a 5-10 rise in this one. The key is the production, and continuing to deliver as promised. That will go a long way to dispel any doubters. Regards Dan

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