Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.000001000

-99.0%

Jun 3 1:07 PM EST

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To: steve brooks who wrote (20112)	11/5/1999 11:46:00 AM
From: Mike Gold	Read Replies (1) of 25548

"The company and rumor mill would have shareholders to believe that Lipangue is a world class find. Given the company's scarce resources (cash), why are they drilling Las Dos Marias first? Why not drill Lipangue and prove this property one way or the other as quickly as possible? I am a financial analyst and I advise small businesses daily on how to best use their limited resources to maximize returns. IMHO MDHM has mistakenly appropriated limited cash to drill a secondary property as opposed to drilling their top property. Why?" Steve, from what I understand, 2 seperate rigs are currently being mobilized for drilling, 1 for LDM, 1 for Lipangue. They anticipate signficant problems in bringing the large rig up the mountain and getting it into position because of the size of the rig and the condition of the road. They don't anticipate any problems with getting the smaller rig is place at LDM-hence drilling to be done first at LDM. Scheduling problems with the upcoming Christmas holidays comes into play as well. I think we will just have to wait and see when drilling actually begins. I still think they may start drilling at LDM by next Thursday. Cheers.

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