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

To: rhr who wrote (19408)	10/7/1999 5:52:00 PM
From: Claude Cormier	Respond to of 25548

Rich, You got almost right...I indeed prefer to buy value rather than potential. I other words, I like MDHM play... and it is a question of price. In the end, the stock is worth nothing if they find no economic deposit and is worth $5-7 if they find 10 millions ounces of economic gold. I may not be willing to buy it today at $0.25, but could be if they announced a JV or/and a financing with the stock below $0.20 or less. Value can be found even in a stock that has no proven or probable. Only a few drill holes indicating some potential may represent value if the price is right. I may think that the price is high now for the results we have.. that opinion is based on what I have observed in the markets over the years. But, Hey! I could be wrong. Watching!