Medinah Mining Inc. (MDHM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

MDMN 0.000001000

-99.0%

Jun 3 1:07 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike Gold who wrote (18818)	9/10/1999 3:03:00 PM
From: Claude Cormier	Read Replies (1) of 25548

I read what you write Mike...Geophysics are certainly indicative of potential deposits. But how many deposits are not under geophysical anomalies. How many geo. anomalies have no economic grades. Of course there is more than iron on Lipanque.... but for now the drill holes are not showing enough to justify current price, despite the very obvious potential. I agree with you that buying after all drill holes are in and the deposit is proven...doesn't make a lot of money for the investor. But given the current market cap, there is too much risk on the downside. <<... Medinah goes with a Fund to finance the drill program. The terms of the financing are rumored to be extremely ucurative for Medinah and for shareholders alike. >> Again...financing program don't move stock prices on a permanent basis. Favorable exploration results do. I really like the infrastructure on this property and if they find the big thing it will be worth a lot more than the competition. But this is what we call potential, not value. Stocks of that nature sells for market caps that are closer to $10M. Once you start showing a resource that may be economic...then you can move higher on the valuation scale. As an exemple, Cumberland has a market cap similar to MDHM. But CBD has 3.5M ounces gold drill indicated...gold that will cost below $150 to get out of the ground. Its properties are in a new mining district that has the potential for several more millions ounces. CBD has $6M cash and no debt. It also hold a 11% interest in Eurozinc which is developing a large VMS copper/zinc system. There are many other exemples like that... they make it hard to buy MDHM now... at least for me. But I must admit that I like to play it safe. BTW, can you explain the relationship between Medina Mining and Medinah Gold?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next