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Gold/Mining/Energy : Major drilling TSE-MDI

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To: Michael Bidder who wrote (22)11/27/1997 6:15:00 PM
From: John Veltheer  Read Replies (1) of 71
 
MDI drills more than just mining holes I think.

Don't they drill structural holes on land set for development as well?

Things in MDI's favour:

-Book value is $11
-they do acquisitions with cash to avoid diluting the float
-there are only 10 million shares out
-Midland Walwyn maintains there 2.30/share in earnings for fiscal 99

I was a buyer at 20.05 today.

JEV
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