Medinah Mining Inc. (MDHM) Message Board

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

MDMN 0.0001000

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Nov 14 9:30 AM EST

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To: Mike Gold who wrote (10148)	3/13/1999 4:37:00 PM
From: PvG	Read Replies (2) of 25548

Clarification. I was trying to get an estimate on how big the deposit is. RGM stated that Gordon House's initial estimate was that it could be in excess of 100 million tons. House wasn't saying how much bigger. This does not say it is only 100 million. As such, the best information I have to date says the deposit could be at least 100 million and the preliminary results may indicate it is much larger (again how big is "much"). It is my hope it is 1 billion but I'm trying to share my info not my hopes. I really hope Mike Gold is correct (and have no reason to doubt him) and that the site is much larger than 100 million. Mike if you would PM some of your info on the size I would appreciate it. Question to RGM: How long until we have a good idea of the actual size. Answer, it will probably take 3 to 6 months to get a handle on the size. I apologize for my careless language indicating that in 3 to 6 months the deposit would be proven, my intent was to say in 3-6 months we could have a good idea of the size. I try and evaluate the credibility of my information sources. No offense is meant, but it is very easy for a geology prof to look at a few rocks and give a fully detailed account of the history of a site. He has nothing at stake, he is probably relying more on theory than analysis at that point. This doesn't mean the prof isn't right, just that he is speculating to a nondiscriminating audience. However if this same professor was going to make a decision he would probably do a lot more study before actually opining on the history of the site. Dilution: This is a junior mining company without cash flow (that I am aware of). How else are they going to develop this site without issuing shares? It is my understanding the additional shares have been issued for land rent, drilling services and other activities (sorry no defination for other). The various investment reps have always been upfront to me that in the end the outstanding shares will be close to the 100 million. A really large number divided by 100 million still equals a really nice per share price. I'm just trying to add my two cents worth to the conversation and not trying to hype. Hoping for a huge, massive deposit, PvG.

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