Medinah Mining Inc. (MDHM) Message Board

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

MDMN 0.0001000

0.0%

Dec 5 9:30 AM EST

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To: RMF who wrote (6894)	10/25/1998 2:38:00 PM
From: Mike Gold	Read Replies (1) of 25548

Credibility, yes. Keep in mind that Lipangue is only 80% MDIN currently. I believe your JV numbers are high. The property value maybe in the billions. It would be silly of MDIN to give away 60% of it at this point for a few drill holes. On the other hand, the Majors know that MDIN is hurting for money so they probably are playing tough guy in bargining. I guess the best course for MDIN(not necessairly the best for share holders short term) would be take out a loan so they can drill a few holes. If the results are great, sell shares to raise capital assuming share prices go up on the results. Complete the drill program. Now that the size of the deposit is completely defined, then think about joint venture. In any case, the stock price will raise dramatically for MDIN on any joint venture. Lets hopt it happens soon. Love to be able to buy lots of christmas presents this year!

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