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


To: Dave D'Biker who wrote (9626)3/3/1999 7:57:00 AM
From: Mike Gold  Read Replies (2) | Respond to of 25548
 
Dave, I'm always up early! Just sitting here calculating the most Lipangue could be bought out for assuming the best possible outcome:

Assume 1 billion tons ore at 1.5% Copper and 4 grams/ton of gold.
Assume a Major will pay about 5 cents a pound for copper in the ground and $15 an ounce for gold in the ground.
Assume full share diluation of 100,000,000 shares.

This works out to .......$36 a share!
Since we are in a hurry lets give a blue light special to the first Major that makes an offer-let's sell it for $10!