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: KMT who wrote (810)	1/14/1998 8:13:00 AM
From: Mike Gold	Read Replies (1) of 25548

Kevin, looking at the numbers again-seems hard to believe. If we have 100,000,000 cubic meters of mineralization at an average density of 2.2 grams per cubic meter(1.5 to 2.9), assume 96% recovery, this works out to 16.4 million ounces. They have a stated max production rate of 10,000 cubic meter/day or 1000 days(2.74 years) to process all of it unless they increase production capacity. This works out to a yearly profit of $957 million or $24.50 per share! (PE ratio of 20 gives us $491 share value undiluted.)Not bad for a 12 cent stock! If this is not another BRE-X, we will be sitting on a nice sunny beach in the carribean soon enough!

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