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: C Hudson who wrote (6800)	6/26/1998 10:21:00 AM
From: gregor	Read Replies (1) of 34075

CH: I don't think you could put a value of 10 X on the potential earnings of 1.60 and say you have a value of 16.00 per share. It would be more like the present value of an income stream coming in over a period of time. If that value is based on a larger reserve and lets say that larger reserve would have a lifetime earnings potential of 16.00 the pv ( present value ) might be 9.00 or 10.00 per share; or on the lowest denominator of 1.60 might be 1.00 to 1.10. It would depend on what interest rate you use and the time frame over which the extraction would take place.

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