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


To: Alan Whirlwind who wrote (19333)10/4/1999 11:06:00 PM
From: Claude Cormier  Read Replies (2) | Respond to of 25548
 
<<Why is this stock in limbo with gold up $75? Somebody crack the whip!>>

In all gold rally, the first stocks to follow are the seniors with several operating mine. Then come the junior producers and explorers with drill indicated resources and reserves.

Grass roots projects with no resources are the last to move... and if the gold rally is not strong enough...they don't move at all.

MDHM falls in the later category. It has gone down in recent weeks, despite the gold rally... simply because base on its assets it is overvalued. The potential is probably large, but this market is not yet willing to pay much for potential. If gold continue up, we will get back the 1994-1996 period when companies with grass roots properties where a few good holes had been drilled were selling like today's 3M ounces of gold deposits.