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: KMT who wrote (11827)	4/28/1999 9:38:00 PM
From: Syncrude	Read Replies (2) of 25548

Following a post on another thread (ARP ?), I had a quick look at this company. With over 69mm shares outstanding (not counting the 9mm conv pfd shares) the market cap is over$34.6mm USD. To justify this price, the company would have to discover and classify as a resource, over 1.5mm oz of gold equivalent. I have gone through the press releases of 1999, and seem to find only two holes that have significant amounts of gold, ie. 99-03 (147 meters of low grade 1.13 g/t) and 99-02 (43 meters of 4.74 g/t narrow but high grade). The other drill holes came back with so-so to nil results. Am I missing something here or misinterpreting the results? Does the company have other assets of value to arrive at the current $35mm market cap (in US dollars)? The suggestion seemed to have been that there were similarities with Argentina Gold, but I don't see anything remotely close.

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