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

To: MARKHAR who wrote (12333)	8/18/1998 8:14:00 AM
From: Probart	Read Replies (1) \| Respond to of 34075

Markhar, You are wasting your time, it is very difficult to get through to someone that is so totally bent on being one track minded. I suggest you just ignore it until it has some sort of balance. best regards, Probart

To: MARKHAR who wrote (12333)	8/18/1998 8:30:00 AM
From: rjbac	Read Replies (1) \| Respond to of 34075

You sound like just another "HUCKSTER" and bashing me won't make the problems go away or change who and what you are... Bac

To: MARKHAR who wrote (12333)	8/18/1998 2:09:00 PM
From: CIMA	Read Replies (3) \| Respond to of 34075

Okay, I'll try and put some numbers in. I'd rather be conservative than optimistic. It usually feels better when your expectations are exceeded. Let's assume 200,000,000 ozs of gold. Let's assume 10,000,000 proven. Let's assume the purchaser is willing to pay $25/proven oz. and $5/indicated oz. Let's assume the POG stays at $300 or lower to year-end so those price/oz figures stay low. $25 x 10,000,000 = $250,000,000 $5 x 190,000,000 = $950,000,000 So that would equal $1,200,000,000. Divide by 100,000,000 shares = $12 $12 divided by 84% ownership = $10 approx. Goodwill isn't part of a mining deal. You pay that for brand recognition or a client base. If I was GE I would try to get a %-based future production royalty on the 190,000,000 indicated. If the ozs are there $5/oz is a gift. It's understandable they have to be proven up first and that will take time. But get some future value for them and any further discovered reserves and maybe gear the royalty to the price of gold as well. This royalty would be worth a few bucks to the share price as well. So overall, I see a price somewhere between $10 and $20 in a complete takeover. If there were 200,000,000 proven ozs then I can see $50/share, but that isn't the case. Feel free to tear my logic apart...