Golden Eagle Int. (MYNG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fund Manager who wrote (8530)	7/8/1998 9:42:00 AM
From: the Chief	Read Replies (1) of 34075

HI Fund manager. You are mixing two hypotheticals. You don't assign multiples when the object of the game is to sell the property. The $25.00 was an estimate what a company would pay per ounce in the ground. $25.00 is what has been paid recently, however, some projects have sold at $5.00 per ounce. IF and I stress IF the gold is there, then $25.00 would be a lowball of its value per ounce. I'm not talking about the 6.4mm ozs, I'm talking about the "stupid number". Extraction costs, multiples, cash cost per ounce, production costs can only be attached to the hypothetical that they will retain the property and mine it themselves. So you are talking apples and others are talking oranges at the moment. A JV if it were to ocurr would result in GE being a minority sahreholder in Cangalli. the Chief

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next