Medinah Mining Inc. (MDHM) Message Board

STOCKTALK

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 0.0001000

0.0%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Sammut who wrote (9900)	3/9/1999 6:42:00 PM
From: Handshake™	Read Replies (1) of 25548

Intersting post: To: Francois Pigeon (3090 ) From: salva Tuesday, Mar 9 1999 5:20PM ET Reply # of 3101 I will tell what Barrick will do next. Thks to for a a really good thread. Those of us who have stuck around have been rewarded. Barrick will not knock heads with Newmont. They don't have to! Having recently bought Sutton in Tanzania and paying a "full price" for it by thier own admission --they will further invest in Tanzania, they have to!! You will all agree that at $300/gold the majors have to seek out LOW COST gold properites cause no telling how long we're at $300! In Tanzania last yr Ashanti bought Samax for $7.94/sh and now Barrick buys Sutton for about C$13.00/sh. these properites are all in the Lake Victoria "Greenstone Belt" well known for its rich gold anomolies and proven reserves. Sutton has 8.8 Mil oz(possibly as much as 10-12 Mil Oz) Just next door to Sutton (< 30km) in a area called "Tulawaka" are two juniors Pagea (PGD-T) and Minere du Nord (MDN-M) which have a joint partership and are drilling on several anomolies as I write this . They have already released several assay results during the last yr or so.(eg . some very exiteing 145.27 gm/ton over 5 meters) PGD & MDN have contracted with a very repected "independent" consulting engineering company to confirm reserves estimates. When Sutton started thier project they had very little gold reserves in the first 40-80 meters. BUT the "Tulawaka" anomolies are rumoured to have 1 to 2 million oz in the first 40 -80 meters at a production cost of < $50/ton! and the lower geology will prove to be as rich as Sutton if not richer! I believe the PGD & MDN joint venture in Tulawaka (and other ajacient owned anomolies will be bigger than Sutton find. Thats what Barrick is waiting for. They just didn't fly there blindly buying Sutton at a "full price". They will have to buy the two juniors PGD & MDN which will soon confirm reserves --and low cost at that!! Road and rail run just nearby Tulawaka property and it will be a chinch to transport mineralization to Barrick(Sutton) planned mine production facilities <30 km) Combined Sutton and PGD / MDN will provide Barrick with over 20 million + oz gold reverves to produce. Thats why Barrick was so hard on Argenina Gold they had other choices! If Barrick does not move on PGD/MDN others will. Rumours have it that recently other majors have made low ball vebal offers for these two. Newmont have visited thier sites. Have known about this PGD / MDN play for about a yr now and recently added more with the Argentina Gold profits and especially Barrick buying Sutton. Its up to you? If you want more info contact Canaccord Capital. Analyst Graeme Currie (604-643-7405). He has recently visited Tanzania and in particular the Tulawaka site! PREDICTION: PGD will be bought for about $ 7.00 and MDN for about $3.00 at least!!! NO I am not associated with any of above!!! Good Luck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next