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

To: KMT who wrote (2319)	5/1/1998 11:04:00 PM
From: Grant Movold	Respond to of 25548

With this weeks action it would appear that we have broken through the 20, and 40 day moving averages and I truly believe that we haven't seen anything yet... bigcharts.com Have a great weekend everyone!!!

To: KMT who wrote (2319)	5/2/1998 6:32:00 PM
From: Geoff Coates-Wynn	Read Replies (1) \| Respond to of 25548

Nice work, guys. Looks like a slightly less biased and more informative update in this week's Mining Business Digest. We can indeed get results. Medinah POWER!!!!! Note the mention of the $24 MM deal- not mentioned in last weeks article. OFF THE RECORD . . . . . . well now The Oracle has heard of Medinah Energy! There were a dozen or so e-mail messages from shareholders taking umbrage with comments last week. Funny though, many were worded about the same, almost like a form letter, and they all arrived on Monday and Tuesday. Obviously someone decided that just their voice wasn't enough and had some friends write. The Oracle can't believe there are that many Medinah shareholders who tune in here every week. . . . there are few facts about the Medinah/Dayton imbroglio at Andacollo in Chile. Churumata is apparently an area of more or less scattered properties in the Andacollo district, some owned by Medinah, some by Dayton and some by a local family or families. Surface and mineral ownership on these properties is also apparently mixed between various owners. Ownership on a number of these properties has been and is currently in dispute, including the Churumata area land that contained the buildings allegedly bulldozed by Dayton, and will be in the courts for probably years. Dayton does own the mineral and surface rights on this particular piece of the Churumata, which includes the land containing the buildings, and entered the land to construct access roads. Medinah says they had leased the buildings, Dayton says the buildings belonged to them, the original Chilean family says it all belongs to them. The courts will decide. There are a bunch of suits underway here in any case. Some have suggested that Homestake is looking at acquiring some ground here - The Oracle doubts that Homestake is interested in getting involved in an acquisition with messy land disputes. The Oracle will watch this more closely from now on. . . . regarding the gold properties Medinah has contracted to purchase for $24 MM near Valpariso, Chile, the 1325 placer properties amount to two concessions that total some 80 sq. kms. Reserves have not been announced, but a feasibility is in progress. Medinah said the property is reported to contain 100 MM cubic meters averaging 1.5 gpcm (about 5 MM ozs). (emphasis added- GCW)

To: KMT who wrote (2319)	5/2/1998 9:57:00 PM
From: Handshake™	Read Replies (1) \| Respond to of 25548

Kevin, I'm on the floor laughing. Yes I can relate. Here's something I ran across "Toronto, ON (4/28) - Kinross has acquired two groups of Australian gold properties containing drill-indicated resources of more than 1.2 MM ozs gold for approximately $5 MM. The properties are in the Eastern Goldfields mineral province of Western Australia and were acquired through the court-appointed administrator of a recently bankrupt junior gold company, Australasian Gold Mines NL." What I focused on was the "approx. 5MM for 1.2 MM ozs of gold" Just think what our measley little ol' properties are worth. Care to share the math!!! :-) p.s. Damn, gotta go eat some Blue Bell Ice cream now, almost bought Rocky Road the other day, but stayed with the basic Dutch Chocolate. For those that haven't had the opportunity to eat crawfish, at least get ahold of some Blue Bell.