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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: Mike Gold who wrote (9760)3/9/1999 7:08:00 AM
From: Dan P  Read Replies (1) of 25548
 
Mike:

I have been told that one of MDIN's properties abuts Argentina
Gold's main property. Maybe you could confirm this, if you know.
The move through .40 seems significant, and the move up in the stock
before the assays are released is very encouraging. Let's hope
for some great results, although we'll settle for good assays.

For those not familiar with companies in this sector, it should be
pointed out that Argentina gold's property is much more advanced,
in the sense that a lot of drilling has been done so as to prove up
the resources that they have established. That makes an acquisition
much less risky for the major. MDIN is just beginning on this
curve, and as it proves up more and more valuable resources(we hope)
it will become increasingly attractive to majors.

The POG rise of yesterday is significant, and on my screen several
gold stocks made nice moves, triggering some technical buy signals.
We need continuation now, and at least one or two more days of firm
price action in the yellow metal.

Regards

Dan
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