Medinah Mining Inc. (MDHM) Message Board

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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: gianelda who wrote (10484)	3/25/1999 11:51:00 AM
From: Canuck Dave	Read Replies (1) of 25548

Do you think the silver and other stuff is important? I re-crunched my numbers last night with corrections for true density of the rock, 2000 pounds/ton (whoops!!!) and 100 million shares dilution and came up with a value of about 10 cents per share. Assuming the other properties that MDIN owns are similar in value, that makes a total takeout value of about 30-40 cents a share. It would explain the lack of price movement yesterday (and today). It's trading for exactly what it's worth. CD

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