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

To: KMT who wrote (1730)	3/31/1998 10:49:00 AM
From: Handshake™	Respond to of 25548

To: Douglas M. Benedict (1057 ) From: Douglas M. Benedict Tuesday, Mar 31 1998 10:23AM EST Reply # of 1059 This is from the Financial Post March 28th,1998 All-Star Analysts...John Ing...Maison Placements For the 29-year veteran of the gold business, stock picks are based on an in-depth understanding of the metal's performance and on analysis of the fundamentals, and sometimes the credentials, of the players. Last year, Ing says, Maison earned a good reputation because it was one of the only houses on the Street that spoke negatively about Bre-X Minerals Ltd. "I had visited Indonesia twice and was concerned with the property title ... the consensus was Bre-X would go to the sky and our view was it would be sold." Ing says his concerns about the world's most talked about mining scandal had more to do with his company's involvement with Minorca Resources Inc., which Maison backed on an array of projects, including a slice of the rumored Busang deposit which was later proven to be a hoax. His firm was a net seller of 1.5 million Bre-X shares before the debacle unfolded last March. Ing estimates the sales earned his clients $35 million, and placed Maison among the top four firms that benefited from Bre-X, rather than choking on it. Maison is still a strong and vocal supporter of Minorca's prospects for becoming a leading consolidator in 1998, with $68 million in disposable cash and some properties that are not economically viable at present. "If gold prices go up, it will get those marginal assets [properties] on side.... Minorca will get together with Dayton Mining Corp. and McWatters Mining Inc., and put the whole package together," Ing says. While he is extremely vocal on the price of gold and industry events, Ing will not publicly advertise his target prices on stocks. Instead, he writes a monthly institutional newsletter that conveys his extremely blunt opinions concerning the future of certain companies canoe.com.