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

To: GC who wrote (6738)6/25/1998 2:50:00 PM
From: GC  Respond to of 34075
 
got a pm they asked me to post this

To: GC
From: SSP
Thursday, Jun 25 1998 2:37PM ET

News June 25, 14:17 Eastern Time

GOLDEN EAGLE SHAREHOLDER FILES FORM 144, TO SELL SHARES
WASHINGTON, DC, Jun. 25, 1998 (States) -- Robert Wolta, a shareholder of
Golden Eagle Intl Inc. of Denver, Colo., reported on June 15, 1998, the proposed sale
of 100,000 shares on June 20, 1997, for $.31 per share through RAF Financial.

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I have only a trial membership so maybe you can post this for me - Steve P. Thanks.



To: GC who wrote (6738)6/25/1998 2:59:00 PM
From: steadyasyougo  Read Replies (2) | Respond to of 34075
 
Looks like they were using $295 per oz and 6.4MM oz, which doesn't take into consideration the cost of production. MM is using $25 net per oz as profit after costs. I think Guido's old report said cost of production might not be over 40% of price of gold. I'll go check that out. Proven net worth= 6.4MM x0.6 x$295= 1.133B, or 11.33 per share. Then you might eventually add some above the 6.4MM oz, if proven later.
Gerald


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