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

To: on parole who wrote (9667)	3/5/1999 6:42:00 AM
From: Dan P	Read Replies (1) \| Respond to of 25548

Realist: It is possible that a major would bid for part of a company like MDIN, but in my experience, that has occurred rarely. All of the take-overs in the junior sector that I can recall involved the entire company. The question of valuation of Mdin will certainly rest on a number of factors, with drill results being the number one. If we get that 100 mill tons at 3 grams/ton, with a large part of that in high grade zones, so that the cost to mine is low, it is very easy to see this stock at $3-5, WITHOUT any short squeeze, and without any bid from a major. It would be very hard for me to imagine a great discovery by a junior ignored by the majors. Let's keep in mind that there are a number of majors that are based outside of N America, and any one of them could jump in, in addition to the usual N American culprits. Regards Dan