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Microcap & Penny Stocks : CDCH Cerro Dorado Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (692)	8/11/1999 11:35:00 AM
From: CIMA	Read Replies (1) \| Respond to of 958

Great description of CDCH from the Medinah thread written by Mike Gold: Cerro Dorado was formed strictly to develop the Lobo/Fortuna de Lampa claims. CDCH paid 5.5 million shares of R-144 stock for the Lobo/Fortuna de Lampa claims which is, by far, the company's main asset. These claims were owned by Juan Jose Quiano-never owned by Medinah Gold or Medinah Mining CDCH paid .5 million shares to purchase 60% of Ipun Island from Medinah Gold. CDCH paid .1 million shares to reimburse Medinah Mining for expenses at Ipun Island. .5 million shares remain from the original shell. 4 million shares issued to finance exploration activities. So of the total 10.7 million shares-only about 5.5% of the shares went towards Medinah Mining/Gold-hardly what I would consider "a bunch"! Already-CDCH actually owns outright the LOBO claims-something that took quite a long time for Medinah to accomplish for their Lipangue claims. The location of their claims adjacent to Lipangue makes it an incredible play as any Major that eventually takes out Lipangue will surely want all the highly mineralized adjacent claims. Since CDCH already owns the claims, they are already in an immediate position to deal with the Majors. I suspect that after their initial exploration phase is completed, a JV or buyout will happen soon after.

To: Jim Bishop who wrote (692)	8/11/1999 3:26:00 PM
From: CIMA	Read Replies (1) \| Respond to of 958

More about Sr. Quijano by Mike Gold from the MDHM thread: A few tidbits about everyone's favorite Chilean- SR. Juan Jose Quijano. Our Quijano was recently featured in a South American mining journal. He has been appointed by the Peruvian Mining Commission to rewrite the mining laws in Peru since he did such a bang up job in Chile. As you know, Quijano is the vendor for most of Medinah's properties. He is the dean of the country's law school in Santiago. He holds a professorship in mining law and is Medinah's lead counsel for the Chilean lawsuits against our old buddies-Dayton Mining. My mental image of Quijano has always been that of Juan Valdez-picking coffee beans in Columbia. It seems nothing could be further from the truth as it as he has more important things to do to spend his time! The fact that Quijano is associated with Management adds much credibility to Medinah and certainly leads one to believe that Medinah Gold has an excellent chance of prevailing in the upcoming Chilean lawsuits which-rumor has it-could come up for trial in September. Cheers.