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

To: Jeff who wrote (9433)	7/11/1998 11:31:00 PM
From: C Hudson	Read Replies (1) \| Respond to of 34075

Interesting! Another MINE thread. MINE is getting legs in the investment world.

To: Jeff who wrote (9433)	7/12/1998 12:22:00 AM
From: MoneyMade	Respond to of 34075

There are a few smart fellers over at Raging Bull READ:better than sex By: XHOWX Reply To: None Tuesday, 7 Jul 1998 , 2:26 PM EDT Post # of 84 To help those people that may very well sell MINE way too soon. I think nickel and dime stock buyers can miss the few stocks that are future fantastic winners. Microsoft was a penny stock at one time and without stock splits would be selling for around $7,000. per share. Thats 14,000 times your money. So, small time thinkers may very well sell MINE too soon. Many do not understand Gold Mining stocks and how high they can reach. Bre-x gold co. reached U.S.$200. per share based on 70 to 100 million ounces of "proven" gold - for about the same $100. profit per ounce of gold as Golden Eagle with the same 100 million shares out. Thus, if Golden Eagle is verified it's reported possible total of around 157 to 242 million ounces cound give it a share price of twice Bre-x's $200. per share or $400. per share. A second way to calculate the possible future share price of Golden Eagle is to look at the USA-TODAY newspaper article of last weekend that showed the $2 billion figure for what MINE has already put into the proven category (not yet verified) and the $46 billion figure for the rest of the indicated/inferred that may also be put into the proven category (if Golden Eagle is correct in it's assumtions) ----- Divide the future possible $46 billion by 100 million golden Eagle shares out and we get $460. per share. Compare the $400. per share based on the Bre-x comparsion to the USA-TODAY $460. per share possible figure and we can see they are not really too far apart -- even with 2 totaly different ways of figuring the future possible share price of MINE. Thus, the future potential is fantastic (when and if MINE has proved and has verified it's possible gold) --- so my opinion is that shares should be kept for the long term (2 years to let MINE do it's proving and verifying). Do your own checking and take your own risks -- since no verification has yet been done this is still a gamble. It's nice to see it move up today. Of course the move is based upon momentum speculators not the big boy mutual funds, etc. that cannot yet buy until verification is completed to show it is not fraud or an error in the first estimate. The real stable price moves to $100+ per share or more must wait for verification and more time for MINE to prove up the entire property.