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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: Moonglow who wrote (931)1/31/1998 12:57:00 PM
From: Michael Arrigotti  Read Replies (2) of 25548
 
Juanita,
I believe your thinking of the Urbano property in Chile. I spoke with Dave yesterday and he verified that it was in full production. I believe the projected net profit per month were around $132K. He also believed that capacity would be increased when the 20M tons of tailings were added. Also keep in mind that NPEC owns a silver mine and with silver where it's at presently, I believe the mine is going to go into production in the near future (IMHO). Why I say this is because if you look under the old NPEC thread you can see the old drill results. According to the results they would have a very profitable operation if they began to produce today. Any way you slice it MDIN and NPEC are extremely over sold and I believe we are seeing the beginning of the correction. I perceive NPEC as being the biggest percentage gainer. (i.e. A week ago when NPEC was .033, a ten bagger price would be 33 cents. Not much penny wise but a hell of a lot percentage wise).

Mike
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