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


To: the Chief who wrote (6387)10/1/1998 7:25:00 AM
From: Mike Gold  Read Replies (2) | Respond to of 25548
 
"2D- IP and R cannot determine the mass of the deposit unless it is a 3D IP/R! My belief is that MDIN is doing 2D!"

Chief, you are probably right. However, if they are doing closely spaced grid line pattern of IP/R in the X and Y direction-couldn't the Z direction be inferred? ie. have a computer ingest the x, y data and the exact surface location of the transverse of the IP/R then draw a 3-d representation? Apparantly, MDIN knows the surface area of the minerlization (at least the portion on their claims) and the depth so I think they can infer a 3-D image-what do you think?

Also, somebody emailed a question to ask you. Chief, I believe you are quite familar with quite a number of exploration stage mining companies-how does the share structure of MDIN compare to them?
(33,000,000 shares out, 9 million preferred convertible to another 30 or 40 million shares in a year, apparantly quite a number of more shares around from either shorting, naked shorting, or unregistered shares, current share price of 0.065 cents.) Thanks.




To: the Chief who wrote (6387)10/7/1998 3:58:00 PM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
Chief, please consider a hypothetical:

You are an exploration geologist working in Chile. You are atop Lapangue Mountain in Chile. Your job is to decide with the information presented to you if Lapangue contains a world-class copper porphyry deposit. You know that a minerlized diatreme breecia pipe is exposed at the surface and that a previous drill core to 37 meters was filled with chalcopyrite. The breecia zone appears to cover a one square kilometer area. Grap samples show copper, gold, molybedium present in nice values. IP results show strong readings in a one kilometer area at surface which increases in cross-sectional size with depth to at least 1000 meters. A total of 23 KM of lines have been run. IP suggests a connection with area at the base of the mountain some 2 kilometer away. Today, after one of your survey trucks falls off the side of the plateau, you decide to check the cliff side because something catches your eye. It appears to be a massive outcropping of carbonate rock with no obvious sign of copper weathering. You take out your bottle of HCL and it bubbles and fizzes. Suddenly, your cell phone rings, it is your boss. He wants to know then and there if there is a world class porphyry deposit here. Your job is on the line. You must say yea or no. What would you tell him, Chief?