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: GC who wrote (6738)	6/25/1998 2:59:00 PM
From: steadyasyougo	Read Replies (2) of 34075

Looks like they were using $295 per oz and 6.4MM oz, which doesn't take into consideration the cost of production. MM is using $25 net per oz as profit after costs. I think Guido's old report said cost of production might not be over 40% of price of gold. I'll go check that out. Proven net worth= 6.4MM x0.6 x$295= 1.133B, or 11.33 per share. Then you might eventually add some above the 6.4MM oz, if proven later. Gerald

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