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


To: Handshake™ who wrote (10022)3/10/1999 3:38:00 PM
From: David L Kosakowski  Respond to of 25548
 
When can we expect the second half of the assays??????



To: Handshake™ who wrote (10022)3/10/1999 3:39:00 PM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
Love to crunch the numbers Vince...if I had the other half of the assay! Care to share it with me? :)



To: Handshake™ who wrote (10022)3/10/1999 5:38:00 PM
From: findstock  Read Replies (1) | Respond to of 25548
 
My view on today is simple....I left for lunch and come back and the stock was down and I was busy and have only now been able to go back over Level II and see what brought this price down, well gang if you look at it you may be loading up your gun and looking for mm's...there is no way this stock should've gone down like this...but with that said this stock should've gone up plain and simple...I've been in pennies for 5 years and know how they work...and MDIN should've gone up nicely today, I personally am real tired of the short story....and I guess whe are going to have to wait for more drilling which again means "next week" I'm still holding all my shares but once again after great events and news we closed down, but I agree with Jane this one is way undervalued and is going to go up nicely, it just isn't going to happen overnight..



To: Handshake™ who wrote (10022)3/10/1999 6:49:00 PM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
Vince, how about instead of crunching numbers-I do some comparisions? Here is one people might be able to relate to. Dayton Mining-the company that all Medinah shareholders love to hate!

Dayton is mining a series of veins and mantos deposits adjacent to a large Copper/Gold porphyry system which is being mined by Tungsten-CMP joint venture. Here's a few numbers on that econmically viable porphyry system.

"Drilling carried out on the Andacollo prphyry copper deposit by ENAMI(Empresa Nacional de Mineria, CHILE) and Noranda in the late 1970s indicated 249 Million tons grade 0.62 percent Cu, 0.25 g/t Au, and ~0.01 percent Mo. Andacollo is not to be regarded as a typical Chilean porphyry copper deposit, as it is older, does not lie within the main Cenozoic porphyry copper belt, and has relatively high Au grades."

Compare these numbers to Hole 3 results and I think you will start to get the picture. PORPHYRY DEPOSITS ARE LOW GRADE HIGH BULK DEPOSITS-WITHOUT EXCEPTION! Sometimes you get high grade minerlization in portions of porphyry system but never averaged over the entire zone of minerlization. The greatest gold deposit in the world averages about 3 1/2 grams ton at a porphyry system! Of course it has a billon or two tons of the low grade stuff! Lipangue very well will fit into this category.

The results today completely debunked all the boohoo this is a copper porphyry only crowd.

We have a winner. Don't be mislead by shorting and few idiots who put in market sells.

Medinah now is legitmate target for a buyout offer. From this day forward-it could happen at any time.
Cheers!