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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: superdow who wrote (3366)6/11/1998 10:46:00 PM
From: J. Nelson  Read Replies (1) of 25548
 
Say; that was kinda just a little old of a report. In the past news they

restated the efforts and the cost of the operation. At this time it's going
to require them to work about 5 X the speed of light to break even. With out
added high grade ore as stated it's a bust. The higher grade zones that are to
be mined in 1998 were to include IMO, the projects that are in the center of
that pit. The cash operatiing costs would decrease significantly if it was added
to the tonnage, yet it ainta goona happen with out some Bucks if I read this right.

Also that 100 million paid for a town for the good old boy's to have a place to
live who work at that mine. Seems everything started out just right and well the
old greed set in and now the rest of the story will unfold on the AGM, next week.

I also think that production is more now than 20,000 tons a day as it seems that
somewhere I was reading that was expanded. The operation is a good one if it
had the zones around it to keep operating over the next 10 to 15+ years of good
grade AU.... Check out the past news and you may find more on what's up down there
as I think there is much more to the story than meets the eye, IMVHO.
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