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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Nov 28 9:30 AM EST

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To: Mike Gold who wrote (15561)6/16/1999 3:06:00 PM
From: slave  Read Replies (1) of 25548
 
While reading the House report, i noticed that they are planning on drilling 15 holes in the phase 2 drilling program for a total of 5,000 meters.That is an average depth of over 333 meters per hole.To me that suggests that they are anticipating that the mineralization is going much deeper as they go to the south.It seems to me that we will know EXACTLY how big this will be after the second phase of the drilling is complete.If we are able to determine the size and grade after drilling less than 25 holes , which seems to be a very small amount of drilling.I see no reason to even be discussing a possible JV OR BUYOUT untill phase 2 is complete. The next phase can be done for less than 1 million $.I hope the company will use it's money wisely and drill phase 2 before even considering any offer.Even at today's low price it would only take 3 million shares to pay for it.....My two cents worth.....Dave
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