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

To: coug who wrote (9423)	2/24/1999 12:12:00 PM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

Mr. Coug: "Is the Ore being mined at a Profit? or just removed.. Ore by definition is a mineral commodity that can only be extracted and refined or processed and sold at a PROFIT.. or else it is not ore.. Sure you can mine or extract any Rock but that does not mean it is ore or Profitable.." Perhaps you are right then-they are just removing the ore from adits. G. House is negioating with a nearby mill to process ore from the Catan vein. Recent report by AC Howe I believe indicates that the ore can be mined profitably by open pit methods. "How Do you know it is massive??... sulfides are not usually even closely considered massive until they reach 30-50 % total weight volume.. Usually IP anomalies detect disseminated sulfides easier because it is an induced current into the sulfide grain and they measure the decay of current across the interface of the grain and the host. So discrete.. sulfide grains disseminated are the best IMO." Based on previous discussions with the company and other shareholders-massive. "What have they hit??? Sulfides? yes in what quantities??? carrying any economic value????" Gold..Any economic value-certainly. "The Best thing "was what was not said""?????? In my experience, these type of companies,, report the best, to keep the stock price up.. to get additional financing which is usually done through the sale of a secondary equity financing or private placements.. which dilutes the stock." Ever heard of a short squeeze and the SEC? You need to consider these two factors when looking at MDIN's press releases. MDIN is trying to be nonhypish to avoid any problems with the SEC. Also, a short squeeze is about to occur, and MDIN is being careful not to play its whole hand just yet.