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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?

To: grantsi who wrote (13597)	1/26/1999 2:24:00 PM
From: Ken Sammut	Read Replies (1) \| Respond to of 22810

grantsi, Since you asked about MDIN, I thought you might like to read Vinny's last post on their thread, (Vinny, I hope you do not mind). >>>To: Mike Kovalchick (8601 ) From: Handshake Tuesday, Jan 26 1999 2:11PM ET Reply # of 8610 Mike I had a very lengthy discussion with thinktank guru this morning, and with all the rumors of this and that, it has been difficult to really pin point the "basics" or fundamental reasons why Medinah is an excellent stock to buy and hold, so I asked him to summarize by answering my three simple questions...at least I thought they were easy!! 1) What scientific evidence is there to suggest that LiPangue could be a major strike for Medinah? 2) How would you summarize the assets of the company? 3) When is the best time to buy the stock? It was a very lengthy discussion, I was writing a zillion miles per hour thinking of Jane and Madeleine jumping out of the cake at the Rio so here's the answers...damn I can't read my notes!!! He gave me six main facts of why his group thinks they will pull a huge core at Alto de Lipangue 1) The Lampa mine produced 59 grams per ton back in the late 40's,46' -54' 2) Gordon House actually recovered 6 - 10 g/tn in the refuse dumps giving the Lampa mine something around 67 g/tn...very impressive numbers and very well documented. The Lampa mine is next door to the drill site at LiPangue. 3) The IP's done by Geodatos, show a pant leg anomoly with a supergene enrichment zone @ 80 - 90 meters depth. The only thing the IP does not tell is the GRADE, but it does show it to be huge & expanding at depth. 4) The Quijano core does shows massive mineralization. 5) The placers which came from the side of the mountain (Alto de Lipangue) show 1.5 g/cu meter as tested by the company and much higher numbers as reported by the Russian consortium 6) The anomolous value found of six different metals found @ surface suggest a hydrothermal alteration, casts, ... In summary he said "You need two things size and grade...#3 addresses size, and #'s 1,2,4,5,6 address grade. 2 Regarding assets what he really likes here is the large base of assets, he defined ten major assets and mentioned that you could build 4 or 5 juniors mining firms with this package of assets 1.) Alto LiPangue 2.) Las Dos Marias 3.) Caten vein 4.) Caren & Puange placers 5.) Dayton litigation 6.) Having Juan Quijano as a partner 7.) The short position which he estimates at 15 - 20 million shares 8.) "other" properties in some interesting well known neighorhoods 9.) Andacollo properties themselves... 10.) Being in the country of Chile with its tremendous mining infrastructure 3) "He thought the strategically best time to buy is when we get confirmation that Gordon House has landed in Chile, because this would signify that drilling is super imminent"... All of the preliminary work will have been done by the time House arrives., ponds, etc. etc… Mike, once we get the drills turning and the assays out, well…enough said!!!! P.S. Geez, almost forgot....He anticipates a takeover within three to four months by 1 of 6 different companies that are snooping around!!!