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

To: Mike Gold who wrote (20104)	11/5/1999 11:03:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 25548

<<Please spare me a lecture on PROVEN reserves etc...that is the realm of accountants....as an engineer...I'm quite familiar with probabilities... >> Can you tell us what are the probabilities and on what basis you did evaluate them. As I mentioned to you, most anomalies have no economic value. The initial drill holes of 84m grading 1.7+ g/t and ,4% cop was good but far from exciting. I think also that this thing is deep... So before saying this project as the most lucrative one own by a junior, I guess you must do two thing: 1) be patient and wait for drill results... 2) go out a little bit and examine other situations. Profitability of a deposit is measured by its IRR (Internal rate of return). The higher this rate is, the easier it is to finance. I have mentioned on this thread BAY.T which is likely to achieved a IRR in excess of 50% on its silver project.... such rates are extremely rare in the industry with 20%-30% being closer to the average. MDHM has a lot to prove before you can claim that they own the most lucrative project among all juniors.