Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KMT who wrote (810)	1/13/1998 8:49:00 PM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

So Kevin, these are two "different" properties-not the same ones mentioned in the December release? How did tiny MDIN come up with all these gold properties? Amazing. What's the scoop with the short coverng? Wish I had bought into MDIN-was planning on it when I came up with some more cash-still there should be spill over to NPEC sooner or later. My predications for the future include a quick jump-then a leveling off in price until more confirmation comes in that these numbers are real and the acquisitions have indeed occurred/production begun. Just our bad luck that gold stocks are so out of favor right now. Otherwise, the 100X you are talking about might be a reality. Good luck all MDIN investors-hold on for the ride!

To: KMT who wrote (810)	1/14/1998 8:13:00 AM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

Kevin, looking at the numbers again-seems hard to believe. If we have 100,000,000 cubic meters of mineralization at an average density of 2.2 grams per cubic meter(1.5 to 2.9), assume 96% recovery, this works out to 16.4 million ounces. They have a stated max production rate of 10,000 cubic meter/day or 1000 days(2.74 years) to process all of it unless they increase production capacity. This works out to a yearly profit of $957 million or $24.50 per share! (PE ratio of 20 gives us $491 share value undiluted.)Not bad for a 12 cent stock! If this is not another BRE-X, we will be sitting on a nice sunny beach in the carribean soon enough!