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

To: the Chief who wrote (10427)	3/24/1999 7:26:00 PM
From: Canuck Dave	Read Replies (3) \| Respond to of 25548

So that's what makes hole #6 exciting? It mineralizes at a shallow depth. I just did some back-of the envelope calculation based on what I know of offshore hydrothermal vents and a little basic physics. If any of my assumptions are wrong, let me know. 1. Assume a layer of gold-bearing rock, 50M thick, 2 grams/ton (from assay numbers) average. 2. Based on what I know about vents, assume region is 500M by 500M. That's 1.2510^7 M^3 of gold-bearing rock. Denisty of rock is about 5 grams/cc, so weight of rock is about 610^10 Kgm = 1.2*10^8 Tons 28 grams in an ounce ----> 10^7 ounces of gold. Profit of 5$/ounce ---- 50 Million dollars 50 Million shares-----> 1$/share -------------------------------------------- The obvious unknowns are the lateral extent of the gold-bearing area and its average thickness. -------------------------------------------- CD