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


To: Stockbull who wrote (2271)5/7/1998 9:38:00 PM
From: Alan Markoff  Read Replies (1) | Respond to of 34075
 
Dave;

A Proper drilling / trenching program would tell all there
is to tell, it is not necessary to dig it all up first.


That is simply not true. Your dreaming only a very small portion can be proven and it doesn't mean that the rest of the property will bear out the same results.

Otherwise, how could they ever finance the project.

Sell more stock.

Have you ever heard of BCMD it made some great claims awhile back on their property and gold projections and the stock shot up to around 2 dollars but it has the advantage of being a NASDAQ stock with less than half the shares of MINE. Now its sells for a mere .25 per share and they are talking about a 10 to one reverse split which would bring the total shares to around 6 Million. This is a full blown reporting Company. Just because projections sound good that doesn't mean that they will make money thats why I shy away from Gold stocks.

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