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

To: CIMA who wrote (3069)	5/23/1998 9:17:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 34075

<< Claude, if you have the inclination and the time would you estimate a share price based on the following: - $25/oz in the ground - 180M shares out F.D. - 73% ownership - 10M proven ounces ( because I believe this is closer to what they really have ) - any other factors you deem important. >> One other factor is important is a third party confirmation done by a international engineering firm. The market will not ask for less given the huge numbers advanced by the company. Most companies work with engineering firms like MDA, Behre Dolbear, Kilborn and others..why not MINE. With that 3rd party work and based on your criterias, MINE at $1 would make sense. At least double that amount if you get a positive feasibility study. Without work by a third party, $0.30-$0.50 is fine with me. Of course, the market is impredictable and it may price MINE at higher levels. Time will tell.