Medinah Mining Inc. (MDHM) Message Board

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

MDMN 0.0001000

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Nov 21 9:30 AM EST

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To: rulm who wrote (802)	1/12/1998 12:53:00 PM
From: Mike Gold	Read Replies (1) of 25548

Okay Ralph-now we are getting somewhere-the pieces are starting to fit together. From the Placer Mill(s): Production of 1000m^3 to 10,000m^3 Assume Profit of $150/ounce Assume ore density of 2 to 10 grams AU/ton Assume ore density of 160#/ft^3(ave rock density) Assume 96% gold recovery We have (1000,10,000)m^3(35.3ft^3/1m^3)(160#/ft^3)(1ton/2000#)(2,10gram/ton)(35.27 ounces/453.58grams)0.96= a range of between 421 ounces/day to 21,080 ounces/day depending on amount of ore produced and gold ore density. This corresponds to between $63,150 to $3.2 Million/day in revenues just from the Placer Mills. The low dollar amount corresponds to low volume, low grade ore, the high number corresponds to high volume, high grade ore. A billion a year in gold would be nice but hardly a reality. A 20 to 40 million/year gold operation, however, would make believers out of all of us.

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