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

To: RMF who wrote (11861)	4/29/1999 11:19:00 AM
From: Syncrude	Respond to of 25548

MICAP, My conclusion as well. In addition if the drilling is ending for this season, then the promotion will die down as well. This should give people time to do a thorough review of this play to determine if it is worthwhile to re-enter in a few months. The potential is there, but the stock price appears high at this time. I don't know what the financials are like to fund the next round of drilling in another season. There are already over 69 million shares outstanding, plus close to 9mm convertible shares. A few drill holes don't make a mine.

To: RMF who wrote (11861)	4/29/1999 11:21:00 AM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

Nice theory MICAP-except... "keep hitting nothing but narrow highgrade intersections" Yes-you got it right-they keep on hitting narrow highgrade intersections whereever they drill...it is a matter of probability...since it obvious to most(except perhaps you and Bully-who sold to soon.)that the holes themselves are economical-you could call it lucky they hit those veins...of course....how many times can you get lucky before you can call it a trend? Often the minerlization is in the form of a stockwork of veins with little inbetween. Dosen't matter when it is bulked mined. The average of the whole column is what is important despite what you say MICAP. As for overburden-give me a freaken break...