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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Gold who wrote (15561)6/16/1999 2:42:00 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 25548
 
I think even my unabashed euthasium for Medinah's property underestimates what they have there.

LOL! Last time you suggested they were sitting on more gold than there was in Fort Knox. If that was the "abashed" enthusiasm, I can't wait to see what you come up with this time!



To: Mike Gold who wrote (15561)6/16/1999 3:06:00 PM
From: slave  Read Replies (1) | Respond to of 25548
 
While reading the House report, i noticed that they are planning on drilling 15 holes in the phase 2 drilling program for a total of 5,000 meters.That is an average depth of over 333 meters per hole.To me that suggests that they are anticipating that the mineralization is going much deeper as they go to the south.It seems to me that we will know EXACTLY how big this will be after the second phase of the drilling is complete.If we are able to determine the size and grade after drilling less than 25 holes , which seems to be a very small amount of drilling.I see no reason to even be discussing a possible JV OR BUYOUT untill phase 2 is complete. The next phase can be done for less than 1 million $.I hope the company will use it's money wisely and drill phase 2 before even considering any offer.Even at today's low price it would only take 3 million shares to pay for it.....My two cents worth.....Dave