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

To: Claude Cormier who wrote (2941)	5/22/1998 8:35:00 PM
From: David Sirk	Respond to of 34075

I think at this point it is safe to say that unless there is some sort of major scandle we should be hitting a Buck real soon. I thought that I was going to get rich on NETZ also but there was scandle on that one! This one seems to be more thought out and on the UP and UP. I knew that I would get rich on one of these sooner or later.

To: Claude Cormier who wrote (2941)	5/23/1998 1:21:00 AM
From: Mike McFarland	Respond to of 34075

Reasonableness and guessing: 320M was what I came up for a market cap. With something on the order of 100M shares, the company is valued at peanuts right now, and if this evolves into a glory hole then the stock should trade closer to $3.2 a share--and that is just for the 6.4M of "proven". Anyway, so you take a reasonable and conservative number and take it down by 2/3rds, so that is how I came up with a target of a buck a share. I CANT COME UP WITH A LOWER NUMBER! Of course if details reveal that there is a good possibility that some of the indicated and inferred resources can be shifted into the proven I will look like a moron for setting such a low target. I'm pretty sure that I have sold all my gainers too early this year, so watch me get out at 1 and have to watch it run to 3. How is that for optimism--and right now I'm a nickle in the hole! ouch, nickle in the hole, bad pun. So hopefully Newmont doesn't buy them out over the weekend for fifty cents a share and award all the parties at golden Eagle a million dollar worth of options--will have to do some reading this weekend and see how many shares everybody at MINE owns, hopefully that is on freeedgar somewhere (who knows maybe it is on the thread waaay back at post fifty or something). Oh if only they had issued the report by May 1st, of course if that had happened I guess I'd have taken 150,000x3/8ths and run, like I suppose more than a few people did today.