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

To: Ken Sammut who wrote (10114)	3/12/1999 2:24:00 PM
From: RMF	Read Replies (1) \| Respond to of 25548

If a major liked what they saw they'd probably try to jv the property giving MDIN a carried interest. Which would be best for the shareholders anyway, considering how they're diluting this thing at the current rate.

To: Ken Sammut who wrote (10114)	3/12/1999 3:08:00 PM
From: Mike Gold	Read Replies (3) \| Respond to of 25548

Ken, geologists can determine a lot of things with no holes at all. The characteriscs of the breccia zone encountered thus far suggest very strongly the size of the underlying porphyry. I think that a Major may make an offer once assays of hole 3 are completed. It could indeed be an offer for several hundred million dollars. It would be just a tiny fraction of what the evidence suggests the property is worth. A baragin if you will. The more holes will drill-the highest the price Medinah will demand. Majors knows this and may try to end the process early. This is no ARP...Lipangue drawfs it in quantity of ore. No Major will be able to afford a full valuation of Lipangue such as the full valuation given ARP after the extensive drilling conducted there.