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

To: dan oreilly who wrote (954)	2/1/1998 3:18:00 PM
From: KMT	Read Replies (2) \| Respond to of 25548

Dan: Thanks, I was wondering about that too. It used to be 10:1, now 3:1. On a pure mathematical basis, it should be around 5:1. That's assuming all assets in each company follow the 80/20 split and MDIN doesn't increase or decrease its issue. Given that NPEC's shares in MDIN are 144 and can't be converted to cash for another 1.5 years, MDIN has stated it will be a reporting company, MDIN is getting more attention management, and MDIN is easier to move (in either direction), I'd give NPEC a slight discount on the pure ratio and suspect it to be more in the 7:1 area. MO only of course. When I see the ratio out of balance, I begin to move my allocation accordingly. The way I'm playing it is a 4:1 to 10:1 window. When the actual ratio goes outside the window either way, I begin selling one to buy the other. I believe this way I can maximize my ROI. We'll see in the next 6 months how accurate this continues to be, right now, it's helped minimize my LOI. <G> KMT

To: dan oreilly who wrote (954)	2/1/1998 11:59:00 PM
From: Moonglow	Respond to of 25548

Hi Dan! Hi Kevin! I knew that some of you bright people would be questioning the 10:1 ratio that I used....and you know what? You're right! At least now you are. But back when I was making the decision as to where to allocate my dollars....MDIN was at $2.00 per share....and NPEC was at 20 cents per share. And in my mind, I've just always thought of it that way. But even with the narrowing of the ratio....I'm still a sucker for more shares. But after reading Kevin's strategy.....I really like it! I wish that I had thought of that. Juanita