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: StaggerLee who wrote (3431)	6/16/1998 11:50:00 PM
From: StaggerLee	of 25548

Hey, what happened to this "gold mine" from the 1/14/98 press release? Six months later and NOTHING! (Edited) "Historical information...indicates it to be some of the richest grounds in Chile. One period of production processed 392,000 cubic yards of material with an average recovery of 0.014 ounces of gold per cubic yard (and recent tests have shown even better results). The mineral reserves are expected to exceed 130,800,000 cubic yards. The cost of gold production is expected to be less than US $120.00 per ounce, all inclusive." Doing the math, assuming $300 gold: 130,800,000.014($300-$120) = $330 million in gold profits just waiting to be claimed by this $15 million company. But apparently the company is way too busy to proceed with the excavation process. Or something. lol. Can somebody explain the difference between blind trust and stupidity?

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