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: Claude Cormier who wrote (18902)	9/15/1999 1:39:00 AM
From: rhr	Read Replies (1) of 25548

Claude -- I respect your comments a lot, but I think you are wrong in you evaluation of MDHM and its capitalization. I was in Bema when it went from 2.00 to 9.00 on a possible find of 25 million ounces. With 130 million shares the cap was over a billion dollars and the cost of mining was probably 300 dollars. That was over valuation. This amount of cap on a speculation of a big find in an area easy to mine and cheaply is not unreasonable. Probably .28 is on speculation and .03 is on value right now. With 19 letters of interest, I believe the speculation is well worth it, and the initial holes suggest it. The down side is small and the upside is large. That is why I invested in it. I think waiting to invest when they prove resources will let you buy in at 2.00 and ride it up to 3.00, which isn't bad. I'd rather take the risk and ride it up to 2.00 and sell it to you . Rich R

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