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

To: steadyasyougo who wrote (30557)	2/21/2003 6:18:01 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 34075

<That seems to be the only issue I can think of.> There is another issue Gerald: Valuation. No matter what the long term potential is, current numbers do not support the case for a market cap of US$ 72M. This valuation will make sense when GE produces cash flows will be growing and approaching $10-$15M per year. Stocks are valued either on cash flows when they are producers or on economic reserves when they are explorers or on a mix of these two numbers. GE is an emerging producer with unforseeable production levels for now and unknown economic reserves. So, over the long term, valuation will be based on cash flows.