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

To: Mike Gold who wrote (6647)	10/14/1998 4:01:00 PM
From: the Chief	Read Replies (1) \| Respond to of 25548

Hi Mike. I am referring to the famous "$120 per ounce". House is "not wrong" when he says "In addition, I expect production cost to be low-less than $120 per ounce of gold for both gold-bearing properties." Production costs of $120 per ounce is a wordsmith!! What is his total cash cost per ounce? You just don't take gold out of the ground without a functioning mine infrastructure. The $120 figure is an assumption of costs per ounce when the mine is producing! The question is...how much does it cost to get a producing mine up and running, then add that to the costs of running the mine, then add $120.....which IMO equals $220+ That is assuming that the gold there is "economically viable". the Chief