<And it is unreasonable (for now) to talk about
hundred millions ounces, stock prices of $1, $5
or more, and proven reserves of 5M-10 ounces in
the near future.>
I liked most of your post, lots of good PMA as they
say, but the last bit, not too good:
The chance for 5M proven is EXACTLY why
you buy a little penny like this.
Bang! Your rich. Very good reward for the risk.
Golden Eagle International is going to put Bolivia
back in the news. I even heard Bolivia mentioned on
CNBC or CNNFN, don't recall which, when they mentioned
Soro's stake in some Bolivian silver. It would be great
if they spin up over the next year and put some people
to work, so at the very worst Golden Eagle becomes just
another marginally profitable little mining company, with
a share price of a nickle, dime or quarter--so maybe there
is not much downside risk--but like I said, that is not
why you buy MINE, you buy it for the chance of a big pay
off.
Countries like Bolivia, Nigeria, Pakistan--
these are the wild wild west. To think I can sit in
the comfort of my suburban Seattle house, sippin coffee
and watching the birds outside my window, while vicariously
getting a tad of the excitement of a potentially newsmaking
gold strike in Bolivia of all places...well, pretty cool.
I did take 50k of shares off the table the other day, always
good to lock in a 100% gain, but I intend to hold the other
100k til the announcement. I figure it will either start up
toward a buck, or settle back to the old lows. Either way
I'm in the money...and all it took was a couple hours online
and a dozen cups of coffee.
Excellent man! |
