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

To: Ironyman who wrote (4033)	6/3/1998 11:41:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 34075

<<Claude,,,I find it very unlikely that when regular people see some of the higher assay reports, that the stock price will stay within these ranges as you stated. .....Would you like to change or explain that? >> Well that is what I think and I could be wrong. IMO, credibility is the greatest issue here. SO far MINE seems to receive very little credibility by the market, otherwise the stock would be much higher reflecting the gold numbers. So if the market doesn't give too much credibility to Guido's conclusion, I suspect that the fact that we get the details on how he reached those conclusions, might not change a lot. The stock will likely go up possibly to new highs..but probably not by much. The market might still be asking for an audit...Why would his explanation be more credible than his conclusions? This is not a judgment on Guido's qualifications but an observation of what the market is telling us. Lets say a company like Viceroy, Alta Gold, Glamis Gold or any other mid-size junior like that had announced similar numbers, their market caps would have jumped by quite a few hundred millions dollars. MINE's market cap gained a mere $20 millions on some $3M-$4M in fresh money coming into the stock. Keep in mind here that MINE is talking a resource that should make them bigger than Barrick. MINE need to get market support from some big names. The detailed report will be a first step in that direction. Then, a third party audit, a JV announcement and media coverage by big mining analysts will be needed to stir the prices up in the multi $$ level.