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

To: Handshake™ who wrote (5771)	8/26/1998 11:42:00 AM
From: TomNY	Read Replies (1) \| Respond to of 25548

Shake, that's one thing I never understood -- how MDIN could ever reach $10 with so many shares outstanding. Hey, just getting to a dollar would be a 900 percent increase from here! The major holds the cards, no? Who needs who more?

To: Handshake™ who wrote (5771)	8/26/1998 11:45:00 AM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

Vince, a couple of comments: No gold company currently has that kind of money for buyouts. However, I did read somewhere recently that most simply convert shares of the buyout company to their own-dilution. Won't be necessary to "Prove" the resource in order to sell it. However, you must demostrate to the satisfaction of the buyer, that yea amount of gold is there at certain confidence level that the buyer is comforable with. A good IP survey and 18 holes might be enough for the porphryr deposit. Also, Vince, have any idea why we are having a shareholders meeting? Is it because a legal requirement or is something important going to be decided at the meeting?

To: Handshake™ who wrote (5771)	8/26/1998 1:52:00 PM
From: the Chief	Read Replies (1) \| Respond to of 25548

Hi V. Who would buy the whole shooting match site unseen and unproven. Who has this kind of money????? We may see a JV soon if they can prove the Puange & Los Marios and the Placer, but we are lightyears away from proving up anything else and selling the package...just my opinion...MOO!!!!!!!!! I think that debating a "buyout" at this point is way, way, way premature. We all own other mining stocks with some significant assets. Some have proven resources, others have advanced drill programs in place. Alot of mining stocks are selling below NAV. That means that some stocks have more money in the bank/ share than the shares are selling for!! This is a major's "ice cream parlour"! They quite literally have the pick of the litter for chump change! A good example is Royal Oak and the Kemess mine in British Columbia!! Kemess is a new "extremely low cost mine"....watch as the Major's start hovering over the carcass, occassionally you can see them...their the red-headed turkey vultures slowly circulating above the heap leach pond!!! So, you have to ask yourself a number of questions IMHO; 1) What makes these properties " more special" than alot of others? 2) Why should a major pay for drilling, to find ??? when he can wait and have the owner do it for him? 3) The major knows that most juniors can't raise money for drilling and even if they can, they know that a "phase 2" without "superior" results is a dead issue. So what would be the motivation of a major to buy? 4) Remember, these properties are generally known as copper porphry properties, the "impurity" is gold. so you better have lots of impurity or you don't get anybodies attention. So would a major offer based on no drilling? Mike said in post Message 5592692 Won't be necessary to "Prove" the resource in order to sell it. However, you must demostrate to the satisfaction of the buyer, that yea amount of gold is there at certain confidence level that the buyer is comforable with. A good IP survey and 18 holes might be enough for the porphryr deposit. If we are still talking about "copper porphry with gold impurities" (or gold credits) than I don't agree. 18 holes in a copper deposit with trace gold would only scare off majors. If we are talking about a "gold/copper porphry" that has significant gold content (at least .9g/t) with copper credits than after 18 holes you may get a JV with a major, who will likely dictate the terms! Their are quite a few companies that hedged their gold for a number of years and are lowering cash cost per ounce to $190/ounce. These companies have enviable cash positions and are out hunting. Placer, Barrick,Homestake,Newmount, RTZ, BHP,Teck all could do this with their eyes closed and hardly dent the cash flow!!! It's back to the old thing, show me the gold and I'll show you the MONEY!!! the Chief

To: Handshake™ who wrote (5771)	8/26/1998 2:12:00 PM
From: EtTuBrute	Respond to of 25548

IMHO it is a game of risk. The more MDIN proves up, the more expensive the price tag becomes. Maybe a major, having seen the old reports and mining results, and then MDIN proven quantities, will take a chance and try to save some money. Just as Mike pointed out with the 24 million purchase price, if MDIN waited to drill, prove, then pay, the price would have been much higher, and MDIN may not have even gotten the land. Thats why they are called "business ventures." There appears to be old reports and mining throughout the properties, so maybe a major will take a chance on the whole shooting match. However, obviously the three priorities have the best possibility for the most reserves, and with those proven up, will come the majority of the value for MDIN. Then we turn to the Andacollo......Then maybe you and I can get some golf lessons???? GG