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

To: the Chief who wrote (8486)	7/8/1998 8:46:00 AM
From: mag pie	Read Replies (2) \| Respond to of 34075

cheif ithink if you wait until you think its true you wont buy in because the price will be way out of your reach you have to get in before that type of news not after.

To: the Chief who wrote (8486)	7/8/1998 9:33:00 AM
From: Fund Manager	Read Replies (2) \| Respond to of 34075

Yesterday someone stated that juniors get $25 per oz and then did some math on the assumption of 157 million oz. and came out with $37 or so. Then I read a response from (jim?) stating more or less "i'm going to be rich!!" Here's the rub. If I assign a nominal valuation of 5-7X which assumes no growth and then use 20 years (total extraction also constant rate of extraction) And I use full commencement in 3 years. I also assign local government intervention a probability of 0% (quite generous there) I get a value of $8 to $10. Thats on a very rosey scenario. I'm confused as to why so many people are hyped up about it. I think you can get similar rates of return from any number of true growth situations (I'm assuming investors are buying here although mark to market makes there economic decision the same whether they hold or are about to buy ) Am I Missing something. To answer your earlier question I am a professional fund manager and have been so for 18 years.