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

To: ge-believer who wrote (23140)	6/8/2001 11:58:44 AM
From: Digrdug	Read Replies (1) \| Respond to of 34075

I DO NOT BELIEVE THAT NUMBER!! It was a wild guess for the purpose of a pool. Like guessing who will win the Stanley Cup!!! Does anybody "believe" their picks in the hockey pool?? Probably just mutts like you and Aga!! "keeping in mind that its size can be seen in photographs" - How STUPID!! You can tell the size of an area of ground from a photo!??? Hey folks, this mutt, and his idiot brother, were the ones that were going to save this company!! Conducted the vaunted "East Coast Tour" that failed to raise the necessary dollars. The ones that financed Terry Turner to sue me!! Too funny, no money!!

To: ge-believer who wrote (23140)	6/11/2001 2:19:02 PM
From: Digrdug	Respond to of 34075

Do my own calculations, based on a "recovered for no more than $4.00/cubic meter" Gold price $270.00 270/31.1 grams = $8.68 per gram * .80 grams to the cube = $6.95 per cube * .90 recovery =$6.25 * .82 Royalty = $5.13 * .90 Purity =$4.61 * .985 Sales Cost = $4.54 - production costs - $4.00 Gross profit = $.54 per cubic metre Overhead Calculation: Currently +- $120,000 per month Projected in full operation $200,000 per month /26 days = $7,992 per day /5500 cubes per day = $1.40 per cube Gross profit $.54 Overhead - $1.40 Net LOSS = $.86 CUBE NET LOSS PER DAY $4,730 NET LOSS PER MONTH 26 = $122,980 NET LOSS PER YEAR 12 $1,475,760 HOW MANY YEARS TO MAKE THE HUNDRED MILLION?? LMAO