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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Dec 5 9:30 AM EST

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To: TomNY who wrote (11401)4/23/1999 10:35:00 AM
From: Win-Lose-Draw  Read Replies (2) of 25548
 
I was looking at the (unaudited) financial statements at MDIN's webstie. The most recent one was from September, 1998, and claimed to cover the previous 9 months. According to this statement, 2/3 of their expenses are for Investor Relations and Office Expenses. IR alone is a full 25% of their expenses. What I'm having trouble is seeing any expenses directly related to the exploration process, yet during this time they appear to have been digging at Las Dos Marias and Altos di Lipangue.

Some clarification would be appreciated.
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