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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: Ken Sammut who wrote (9609)3/2/1999 2:04:00 PM
From: Handshake™  Read Replies (1) of 25548
 
Just my work table to determine what I think would be a fair value of Medinah should they have 100 million tons of mineralization, using x as a g/tn value and multipying the ounces of AU (just dreaming here folks that its strictly Au) by $40 for proven reserves. Some discount whats in the ground even more, but here's my table...Oh, also using 100 million shares as a fully diluted number just in case..lol!!!

100000000 1 g/tn 3500000 $1.40
100000000 2 g/tn 7000000 $2.80
100000000 3 g/tn 10500000 $4.20
100000000 4 g/tn 14000000 $5.60
100000000 5 g/tn 17500000 $7.00
100000000 6 g/tn 21000000 $8.40
100000000 7 g/tn 24500000 $9.80
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