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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Nov 21 9:30 AM EST
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To: RMF who wrote (10047)3/10/1999 11:37:00 PM
From: coug  Read Replies (1) of 25548
 
Micap,

I agree with what you said about speculating about hundreds of
millions of tons and even up to a billion tons on one little intersection.. What about the the other two hole?? Maybe it is
cut off in that direction.. Who knows.. Why didn't they release the assays on those holes, the first ones drilled?? They had the assays
before the third I am assuming because they were turned in first..
With one drill, the first hole is no. 1, first in first out.. I am
thinking if they had much at all.. they would have released the results... Why not? A venture company needs good PRs for future financings.. Besides it is just as dangerous from a legal standpoint to withhold good information as bad.. Especially for junior companies..

So some take one relatively narrow intersection, for a bulk tonnage deposit, and extrapolate that up to a billion tons.. they compare it
to Ertsburg and some of the great deposits in the world.. ON ONE HOLE.
Do you people know how many holes it take to define a deposit with some cetainty?.. Hundreds, maybe thousands drilled on 50 metre centers, or hundred metre centers.. to gain the certainty that the deposit has the coninuity of grade and tonnage to be economic.. All it is (the results) so far IMO is a little start early in a exploration project..

These are just some opinions of mine, (no pun intended) on a thread
that caught my interest, initially for investment, BUT NOW ONLY for
a study on the psychology of speculating ..

Good luck all on your decisions.. Coug
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