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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: superdow who wrote (10528)3/26/1999 8:22:00 AM
From: Mike Gold  Read Replies (2) of 25548
 
Superdow- I don't think you have a good grasp of overburden yet.
What you need to look at is the stripping ratio as a rule of thumb to use lacking other information about the economics of the deposit.

(Ton of ore)/(tons of overburden needed to remove to get to the ore)

So for example-if you have 300 meters of overburden and only 50 meters of minerlization-that works out to approximately 50/300 or .1666- very bad. If you have 300 meters of overburden but you have 1000 meters of ore- 1000/300 a stripping ratio of 3.33. Very good.
Understand?

With a breccia pipe with narrow horizontal dimensions and tremedous vertical dimensions-overburden won't be a problem. Don't let the Bullies of the thread confuse you on this issue.

The yet to be discovered porphyry ore deposit will have very large horizontal dimensions-much more likely overburden will be a problem. (ie underground mining maybe the preferred option instead of strip mining.) Of course-what does it matter-it won't be Medinah who will find it!

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