SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Dec 5 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike Gold who wrote (6538)10/7/1998 8:55:00 PM
From: the Chief  Read Replies (1) of 25548
 
Hi Mike. The Grasber deposit in New Guinea was rated as the 3rd largest in the world as of 1997.
It consists of 1.7 billion tons of copper ore grading 1.1 % copper. About 200,000 tons per day goes through the mill. Gold averages 1.2 g/ton.Now if MDIN starts claiming they have over a billion tons of copper ore at 2% copper-take notice!


So let me see if I got this right, you think that if MDIN's property has a larger deposit than Grasberg than people "should take notice"!! Well I can understand that!

Not forgetting of course what makes Grasberg is its 45,000,000 ozs of Gold, and about 80,000,000 ozs of gold equivalent!

the Chief
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext