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: Ironyman who wrote (548)	11/28/1997 11:59:00 PM
From: CIMA	Read Replies (1) of 34075

So there's a net worth of $200,000 and 88mm shares out. Who knows what the properties are worth? We don't know production figures and we don't know cost per ounce. We do know they produced $36,000 of income in the 3rd quarter ending Sept. 30 and that should be higher in this last quarter with three full months of production and two new sites starting. Again though, we don't know if it's profitable because we aren't given those figures. We also know they have $1,000+ in cash at the end of the 3rd quarter and close to $2mm in current liabilities. Gold is in a dreadful bear market, no end in sight. Would you pay more for shares of a company in this position?

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