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


To: KMT who wrote (6496)10/6/1998 5:41:00 PM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
Kevin, remember this is suppose to be a gold/copper/molybedium porphyry depoist.
From a uneconomical point of view-the gold would be considered a trace component of the porhyry deposit. Since gold is worth so much compared to copper and moly., we tend to concentrate on the gold potential. I have not seen anything conclusive that leads me to believe that House can tell at this point looking at the IP data whether it a copper porphyry, a gold porphyry, a gold/copper porphyry etc. From my research, this porphyry systems seems most similar to the porphyry at Andicollo. In that case, it is considered a copper porhyry with anolomlies levels of gold-its is being mined for the copper. Dayton does not own the porphyry-it is being mined by somebody else.(Note the mantos deposits are gold in Andicollo and also at Los Dos Marias.) So we will have to wait for the drill results.(Don't believe the presense of mercury is a conclusive indicator of gold. At Andicollo, lots of mercury is found near the Copper porhyry! Clear as mud?!



To: KMT who wrote (6496)10/6/1998 9:48:00 PM
From: J. Nelson  Respond to of 25548
 
KMT: Did they shoot the first one yet? not to my knowledge.

ON fishing you need a better guide. Should have called we have great
lake trout and King's on our side.

jn.



To: KMT who wrote (6496)10/7/1998 7:28:00 AM
From: superdow  Respond to of 25548
 
Kevin--was that a Lake Erie trip? I'm losing patience too -- haven't
really done much fishing in the last couple of years, except for
an annual trip to the Minnesota Boundary Waters for small mouth
and Northern. Lake Erie is my last hope for fishing Nirvana...
I'm going to buy a big hunkin Erie boat with some of my MDIN profits.

Let's see 100 million cubic meters x .6 grams = 60,000,000 grams.
60,0000,0000/30 grams per oz. = 20,000,000 oz.
20,000,000 x $20 ($300 - 280) = $40,000,000
$40,000,000/100,000,0000 shares = .40 cents per share
without taking into account the debilitating effects of
recovery period and time value of money and the partnership/sale
that is probably requried to develop the property...

So, what are we getting so excited about???

(Well I guess if your cost basis is .10 per share, there
is a profit potential)...