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: rhr who wrote (18908)	9/15/1999 11:04:00 AM
From: Claude Cormier	Read Replies (1) of 25548

rhr You are talking of the 1996 rally...I don't think that Bema in 1996 can be compared with MDHM today. 1) Back then, Bema had only 64M shares outstanding. 2) Bema had the Refugio mine coming on stream in February 1996. The mine is still operating today (100,000 ounces to Bema) and is cash flow positive. 3) The Cerro Casale project was well advanced...they already had 150 holes drilled. 4) The market was ver differnt and much more positive than it is today. Gold was $380-$400 and copper was $1.00 <<. I think waiting to invest when they prove resources will let you buy in at 2.00 and ride it up to 3.00>> Oh! I agree that if one wait the the stuff to be proven... he better buy a T-Bill and get the interest. What I am saying is that there is no doubt MDHM properties have potential. But I think that the results so far do not support the current stock price if one is too compare MDHM assets and exploration results so far with those of many other mining companies. This being said, I may have to eat some crow once the next drill program starts. But I prefer to wait for what comes out of these 19 NDA before comitting funds.

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