El Alacran Gold Mine Corp (fka EAGM)

[samgj2006]

Soon you'll wish you could by at $0.001. This is the new bargain price on a stock conservatively valued at 175 times $0.001 or 17.5 cents. The key word is conservatively, because mining operations, although not up to speed, have never stopped. This means, this company has a mining output report and income, even though, we, the stockholders do not know the magnitude of such mining operations. Extrapolating, I would say this company is easily paying for their mining operations with the refined output. Why else would anyone be in the mining business. That said, cash on hand should not be decreasing for anything other that future mining property leases. The estimate of 17.5 cents per share may be more, and if their mining prowess is very successful share price can be estimated to increase exponentially due to output and unmined reserves, plus the added interest of other future buyers of EAGM stock. I'm taking a guess of a share price in excess of $1.00 / share a year after we receive the first mining output report. Sam