Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Gold who wrote (6223)	9/19/1998 10:20:00 PM
From: the Chief	Respond to of 25548

Hi Mike. Thank for not taking offence. I really wasn't hiding, I am a bachelor for a couple of months, the wife is looking after a sick relative. First thing I noticed was that after 3 days the pile of dirty laundry wasn't done by the "washer/dryer ferry"!! Burger King/Tim Hortons/local Chinese joint/ all have been used and abused!! I am now down to wrestling the lid off a "can o' beans" and have wiped out a years supply of potato chips!! "Bema" Bema's Cerra Casale property under option to PDG has been a pet of mine for a number of years. There breccia cap "is" overburden, 200 metres I believe (don't quote me, memory is fading) and there deposit is deep. PDG is presently drilling adjacent properties trying to find economical "surface grades, that they can mix with the low grade so there upfront costs will be reduced!! Their grade average is .79 g/t for approximately 16.4mm ozs of gold and 6-7 billion lbs of copper(MEMORY). If/when completed they will have the longest "slurry pipeline on the planet". They will pump water from the coast of Chile up a pipeline to the top of the mountain (no water in the area), then mix the ore with the water = slurry and run it via pipeline to the coast again!!! They will then strip the water and load the ore on ore carriers to be shipped for processing. The interesting thing about the Cerra Casale is that a Bankable Feasability Study has not been started, so recovery rates and cut-off grades are not known at this time. There estimated cost is about $1.25 Billion US. This is a tremendous risk for PDG in my estimation. However, they know what they are doing and wouldn't be there now, if they didn't think it worth it. It will be interesting to watch this project develop. the Chief