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


To: Canuck Dave who wrote (10431)3/24/1999 7:33:00 PM
From: Handshake™  Read Replies (2) | Respond to of 25548
 
Maybe Mike can comment but according to the IP's the anomoly is 200x400 & we're at almost 100,000,000 on a fully diluted basis headed for 200 million shares(my guess) so guess what that works out to!

:-)

and we dream a bit we use about 3 billion tons of mineralization at .5 g/tn av with a little copper thrown in.



To: Canuck Dave who wrote (10431)3/24/1999 7:50:00 PM
From: russn  Respond to of 25548
 
I am not smart enough to follow your figures. However, I thought there were 100 million shares outstanding. CD I think this news release looks very positive. Please PM..



To: Canuck Dave who wrote (10431)3/24/1999 7:50:00 PM
From: the Chief  Respond to of 25548
 
Your numbers aren't quie right.
Okay lets assume 500x500x50 at 2 grams per tonne. First of all to properly dimensionalize this property you would need a minimum of 25 holes.
500x500x50= 12,500,000 metres cubed
Density of Porphries are 2.3g/cm3 to 2.6/cm3
2.45 *12,5mm=30,625,000 tonnes of ore
2grams per tonne *30,625,000 =61,250,000 ozs

Note*** 28 grams is an "avoir du poids" ounce, not a troy ounces.
1 troy ounces = 31.103 g.
1 gram = .032 troy ounces

61,250,000/31.103g =1,969,263 troy ounces

100 million shares oustanding and growing (remember preffered will be converted)

the Chief