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

To: superdow who wrote (10528)	3/26/1999 8:22:00 AM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

Superdow- I don't think you have a good grasp of overburden yet. What you need to look at is the stripping ratio as a rule of thumb to use lacking other information about the economics of the deposit. (Ton of ore)/(tons of overburden needed to remove to get to the ore) So for example-if you have 300 meters of overburden and only 50 meters of minerlization-that works out to approximately 50/300 or .1666- very bad. If you have 300 meters of overburden but you have 1000 meters of ore- 1000/300 a stripping ratio of 3.33. Very good. Understand? With a breccia pipe with narrow horizontal dimensions and tremedous vertical dimensions-overburden won't be a problem. Don't let the Bullies of the thread confuse you on this issue. The yet to be discovered porphyry ore deposit will have very large horizontal dimensions-much more likely overburden will be a problem. (ie underground mining maybe the preferred option instead of strip mining.) Of course-what does it matter-it won't be Medinah who will find it!

To: superdow who wrote (10528)	3/26/1999 9:16:00 AM
From: coug	Read Replies (3) \| Respond to of 25548

Superdow, Although I do not have any vested interest in this stock, I do have a interest in this thread.. So I will comment.. You brought up a very important point.. about how intervals and grades are broken out.. So trust has to be with the company, who ever it is.. Interpretation is so important. For example.. if a company wants to "slant" the intercept towards a bulk tonnage deposit, they can have very thin rich intercept "carry" a wide interval of mineralization, although in reality, it would be uneconmic in the real world.. I'm not saying this is what Medinah is doing, because I do not have clue about them. Also, I think it is important for investors to have both sides of the story.. Remember this an early exploration play.. Not six holes, not sixty holes will make an ECONOMIC mine of this type, maybe 600 holes they will start to get a grip on things. Another thing, from my experience, buyouts of junior exploartion compamies in very early plays are very RARE.. JVs maybe, in the form of option agreements at any backout stage if results are not encouraging .. Usually no or minimal cash to enter but with a work commitment to enter the JV. to continue the exploartion... With the major doing the WORK.. Also, watch the reaction to information on these type of forums.. If the regular and supportive participants jump all over other view points, that is not a good sign IMO.. Watch the quality of Info.. I seen this statement: " With a breccia pipe with narrow horizontal dimensions and tremedous vertical dimensions-overburden won't be a problem. Don't let the Bullies of the thread confuse you on this issue." Well IMO, this is completely opposite.. BECAUSE you can not have an open pit shaped like a "post hole".. Pit walls have to be "laid back at about 45-50 degrees so they will stand.. You end up with a cone... so narrow horizontal demensions with a deep vertical demension results in TREMENDOUS overburden problem if is to be open-pitted.. One other reason, I commented, was bcause I was asked to, by PM, I think.. BTW to all my dissenters I have received favoable PMs about my comments in the past.. because I believe these people truly want to find out what to do with their investments.. Just my thoughts, while waiting for the futures to open.. good luck all in your decisions.... Coug