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Gold/Mining/Energy : MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery -- Ignore unavailable to you. Want to Upgrade?


To: MoneyMade who wrote (164)10/19/1998 9:25:00 PM
From: Goinlong  Read Replies (1) | Respond to of 473
 
The fact is the price jumped that amount on pre release hype just like 99% of BB stocks do. I would wager you will see it back down around .08 by the end of the week. I do not wish that on anyone, in fact I wish everything would always go up but it just is not going to happen. My one year of actual and five years paper trading is on BB only. I have invested in real stocks for several years. If you do not like my opinions that is fine, I am not telling you how to invest. If you want to wage a verbal war, I would prefer not to as I do not have the time. I have seen several of your picks and lets just say I am not overly impressed.
I do however wish you the best of luck (sincerely) as I do everyone here.
Take Care



To: MoneyMade who wrote (164)10/22/1998 9:47:00 PM
From: Lee Walsh  Read Replies (1) | Respond to of 473
 
I don't know if the PR is "laughable"....but if it is "factual" this baby could be worth some bucks!!!

Purple Heart is very expensive: according to my National Wood Flooring Association Species guide it is 2.3 times the cost of select red oak.

I live in the heart of red oak country....and select RO sells for better than $1.00 per board foot....so that would make the cost approximately $2.30 per board foot for this wood....I can't convert to cubic meters...but I can convert to cubic yards...and a cubic yard is a bit smaller than a cubic meter.

1 cubic yard = 324 board feet 3 X 3 X 36"

So I would guess 1 cubic yard of purple heart would be worth approximately $745.00 324 X $2.30 pbf

so if they really have 1,000,000 cubic meters of this material....that would be worth about $745,000,000 after it is sawn

of course It's probably worth only about 1/4 of that "on the stump" but that would still be $186,000,000 !!!

HOW MANY SHARES ARE OUTSTANDING IN THIS GEM???? and
Is there anyway to verify these figures with the company??

Lee