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

To: Mr Metals who wrote (4129)	6/4/1998 10:56:00 AM
From: David Sirk	Read Replies (1) \| Respond to of 34075

I'm hoping all these people bought in because they KNOW the report is coming today!

To: Mr Metals who wrote (4129)	6/4/1998 2:27:00 PM
From: gregor	Read Replies (2) \| Respond to of 34075

Mr. Metals: I am trying to put a little perspectives on some numbers, ( very new to mining equations ). 6 million proven ounces-- annual production = (guess) 10% of reserves per year=600,000 oz. annual revenues = 180 million profit per oz. 100.00 ( guess )= gross profit of 60 million 90 million shares O/S gross profit per share=.67 total annual sales of gold in 1997 by central banks = 409 ton 6 million oz./409 ton = 187.5 ton ( 46% of last year CB sales) 1 year production of 600,000 oz= 4.6% of annual 1997 CB sales Now multiply all these figurers by a factor of 10 , which numbers of this magnitude are being thrown around and you get a gross profit per share of 6.70 and reserves of 60 million ounces and you come up with reserves equal to 4.58 times the annual sales of CB's last year. I own a bunch but it still seems like a pie in the sky. If a find this large is for real it would IMO knock the price of gold down 50.00 per oz. ...gregor