MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery Message Board

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Gold/Mining/Energy : MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery

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To: MoneyMade who wrote (164)	10/22/1998 9:47:00 PM
From: Lee Walsh	Read Replies (1) of 473

I don't know if the PR is "laughable"....but if it is "factual" this baby could be worth some bucks!!! Purple Heart is very expensive: according to my National Wood Flooring Association Species guide it is 2.3 times the cost of select red oak. I live in the heart of red oak country....and select RO sells for better than $1.00 per board foot....so that would make the cost approximately $2.30 per board foot for this wood....I can't convert to cubic meters...but I can convert to cubic yards...and a cubic yard is a bit smaller than a cubic meter. 1 cubic yard = 324 board feet 3 X 3 X 36" So I would guess 1 cubic yard of purple heart would be worth approximately $745.00 324 X $2.30 pbf so if they really have 1,000,000 cubic meters of this material....that would be worth about $745,000,000 after it is sawn of course It's probably worth only about 1/4 of that "on the stump" but that would still be $186,000,000 !!! HOW MANY SHARES ARE OUTSTANDING IN THIS GEM???? and Is there anyway to verify these figures with the company?? Lee

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