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

To: Michel Grenier who wrote (956)	3/6/1998 4:07:00 AM
From: Ironyman	Read Replies (1) \| Respond to of 34075

Mike,,,With a P/E of 15 and around 130 million shares, that would put the value at around 3.00 +/- . Of course until there is a cash flow, we're just milking the bull. ......You are very correct that they could never process that kind of volume our lifetime. However the plan is to purchase more equipment and expand into one of the worlds largest operations! .....Wall Street will open their eyes one of these days,,,,Then ,,, Look Out Baby! .............................................................................................................. Joe,,,Laugh at this....Today the we had a coil rig doing an acid job on an injection well. I asked the acid companys' Rep. what molarity was the HF and HCl? He said 15% ! That's 15% diluted down from whatever the chemical company sends them. ( Such precision! )

To: Michel Grenier who wrote (956)	3/6/1998 1:16:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 34075

That sounds pretty rational. One of the factors for the low price of the stock was the simple fact it is in Boliva. I noted my uneasiness over that in one of my first posts (may have been on the 1k/wk thread tho)...anyway, I think the blurb we got about GE dozers helping out in a local community was kind of comforting. If this company builds something down there, creates some jobs, the fact that it is in Boliva shouldn't matter. I assume getting the gold to market is figured out, I mean, if you're a tourist on some back road down there you are probably not any more likely to see bandits than in L.A...if you are a company doing good business down there you're even less likely to be at risk. I guess if I had a point to make, it would be that the "Boliva" factor may be overstated. I made a crack somewhere that you just have to give your heavy equipment operators shotguns, that was kind of stupid: The Bolivians are good, hard working people like anywhere, with the smattering of wild-west bandits you have to expect in a country as desperately poor as they are. I hope the company mines lots of gold, puts a bunch of Bolivians to work, injects some money into the local economy down there etc. As far as the share price is concerned, it'll be a few pennies or a few dollars a year from now, I'll take the risk.