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

To: steadyasyougo who wrote (30563)	2/22/2003 12:40:38 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 34075

Gerald, May I suggest that you are confusing value and potential. I spoke about value. You speak about potential. Granted, the potential of a stock must be somehow reflected in its valuation. But there are limits and this premium must build gradually as the potential gets proven. As you say, MYNG may have the greatest potential of all juniors in existence today, but the proof is not yet there otherwise it would have been taken over. There is much more potential than value in the current stock price. Still, I admit that there is more value now than there was a year or two before. CKG is certainly not cheap. But it has value and potential as well. At least $25M of value. There is also value in its properties in the same manner there is value in MYNG property. How much value depends on the probability of proving reserves. In that domain (reserves), MYNG will never have great value as it will never be able to prove reserves. However MYNG will be able to produce cash flows much faster than CKG and it is on that basis that bankers, analysts and the market will value the company. It has always been like that and will continue to be like it. As for the difference between hype and promotion, I guess we do not have the same definition. But what I read in the promotional material of the agency hired by MYNG, I can't call it promotion. One cannot claim reserves when there are none based on all accepted standards.