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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: elcasmirb who wrote (19758)6/23/1999 10:30:00 PM
From: Claude Cormier  Respond to of 34075
 
<<GE has got to come up with proven reserves next>>

In other words, they must spend enough money to come up with some sort of resources so the current capitalisation can be justified.

With 110M shares out and a price of 0.30 they are priced like a company with 3-4 millions ounces that has already spend $20 millions on exploration. MYNG has only spend $900K.


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