Medinah Minerals (MDMN)

[Hurricane_Rick]

Re: MDMN

In case anybody is curious, I took Gordon D. House's resource estimates of Alto de LiPangue Breccia Pipe (courtesy of Dr. Jim DeCosta's report) and compared them using today's metals prices:

Based on Perliminary Resource Estimate of Gordon D. House
February 6, 2003 - Revised December 1, 2006

Gold 722,000 @ $620/oz = $447,440,000
Silver 6,500,000 @ $12/oz = $78,000,000
Copper 180,000,000 @ $3.10/lb = $558,000,000

Total: ~$1.08 billion

Using today's metals prices:

Gold 722,000 @ $1,385/oz = $999,970,000
Silver 6,500,000 @ $28/oz = $182,000,000
Copper 180,000,000 @ $3.82/lb = $687,600,000

Total: ~$1.87 billion

http://www.cerrodorado.com/decosta%20-%20valuation%20of%20cdch%2018feb08.doc