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

To: C Hudson who wrote (6800)	6/26/1998 1:46:00 AM
From: Mike P.	Respond to of 34075

thanks jim c hudson - i didnt make a guess at future share price, what i said is imo the most important factor, if all claims are true and verified, is intangible and no price can be put on it in this particular situation. i think claude, gary, metals, and what not did an exemplary job of breaking down all the technical factors of price per share, and i believe claude addressed p/e as well. i just respectfully disagree with the assessment that mines share price will reflect accurately these numbers. also, to be quite honest, i have no idea what the avg. p/e ratio is for the gold industry in general right now but my guess is that it is as depressed as the rest of the industry. everything runs in cycles, most people ignore gold right now, my theory is if your looking a year or two down the road, there probably hasnt been a better time in our generation to buy. hence, im trying to learn more about the industry and some of the co's and im looking for opinions on other gold co's and the information i have gained on this thread the last couple weeks has been a great start. right now, mine is still a coin toss in my opinion, but im optimistic for certain reasons and i thought share price speculation was an excellent diversion and topic of conversation before the fireworks, so i just wanted to state my opinion on it. thanks for the response. poet.

To: C Hudson who wrote (6800)	6/26/1998 10:21:00 AM
From: gregor	Read Replies (1) \| Respond to of 34075

CH: I don't think you could put a value of 10 X on the potential earnings of 1.60 and say you have a value of 16.00 per share. It would be more like the present value of an income stream coming in over a period of time. If that value is based on a larger reserve and lets say that larger reserve would have a lifetime earnings potential of 16.00 the pv ( present value ) might be 9.00 or 10.00 per share; or on the lowest denominator of 1.60 might be 1.00 to 1.10. It would depend on what interest rate you use and the time frame over which the extraction would take place.