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

To: KMT who wrote (1870)	4/8/1998 10:58:00 AM
From: WHL	Read Replies (2) \| Respond to of 25548

You know, KMT, you're right. $100,000,000 is not enough. I mentioned that as an approximation of bully & Daddy M's cash position, but the value of the properties is clearly more. I'd estimate more like $160,000,000 would be a fair price under the circumstances. There are "2" properties with "drill indicated" proven & probable reserves. I believe those to be Mercedes and either Violetta or Toro. Then there are many other larger properties (many of which comprise numerous claims) that would be sold. These include either Toro or Violetta- PLUS Churramata, La Colorada, Mac Pato, Beagle, Vulcan, Jesus, etc. These are probably all better properties- especially La Colorada. If the deal was to be all cash for only $100,000,000- I don't think that La Colorada should be included.