Great point jimmyp!
Is it Wednesday morning yet?! Let’s see if we can break today’s volume.
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Mr. B.
This is a market with unlimited liquidity. AUMC and MDMN could both be over $10 in a week based on a sprinkle of “WallStreet Bets” fairy dust and I’m not ruling it out. It just ain’t going to happen on fundamentals. I’ve seen more OTC stocks rip a 1000% b/c some Tweeter with followers tags a name he likes. I can only hope you sell into that type of move (and buy back if you deem necessary). You just need to stare at your screen all day 
The precious metals market is God awful right now. I’m working on getting an Australian company listed that currently has a 450ktpa (tonnes per annum) plant and a massive resource and is in production with a $50M valuation. About what AUMC currently trades at. It’s imporant to understand relativity
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This is an occasion where I welcome those that say: “apes strong together”
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You can add
@ChatterQuant
to that list.
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@otcdynamics 6,998 followers
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Are these guys all calling Aumc MDMN?
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Hope AUMC and MDMN both get some love. Although I don’t think AUMC has much of a short position, it is so tightly held it will easily act like GME if someone starts putting real money into it.
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Something tells me this is gonna be a good day … and for a very good reason.
It seems to me that Zotron’s calculations above are not just a little conservative, but VERY conservative. I have my own version, in accordance with facts learned from the “professor” and others around these parts - for which I am very grateful. I pay attention.
If one wants to follow all the fun on Twitter…trying searching on $MDMN. One would think with all the hype, there will continue to be some buying coming in.
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And maybe re-Tweet some of the comments - maybe just maybe we can create a GameStop scenario …
For some reason, I don’t have it in me to go hype it on Twitter but if someone else does…the key is this:
“The ore extracted and stockpiled from the old and new works on AURYN’s La Fortuna de Lampa mining project strongly reminds me of the ore from El Peñon Project, owned by Yamana Gold Corp. They are very similar to the color and rock quality of the ore I personally observed during my time working on the development of El Peñon. I have the firm belief that once La Fortuna de Lampa project goes into production, and a correct evaluation of the entire project is achieved, it will be a mining operation with very similar characteristics of El Peñon.”
Luis de la Torre
Civil Mining Engineering
Universidad de San Sebastian
Then reference exactly just how exciting the El Peñon project is and that the Fortuna will easily be the highest gold grade project in Chile and you just added fuel to the fire! 
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Gold, copper and silver up big right as we start shipping.
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I am sure there are enough people who have found TMP that will run with your post.
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Just wait 'til they start issuing dividends - they’ll find US, not the other way around.
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Don’t scratch my truck! Jk let’s get some $$$$
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Hopefully someone checked the maximum lift height on that loader before they tried to dump that first bucket in. Else it was heard: “Sh*t that was close!”
Tension between something small enough to work in the tunnels yet big enough to load the truck. If/when they do ramp up to more than one truck they will probably need a bigger loader.
But on a positive note:
20 tonnes * 39 gpt (adjust as you like) = appx. $44K / truckload at $1750/Oz or so.
23 truckloads per $1M revenue
They will be “high grading” to the best of their ability to get bootstrapped so thus the 39 gpt. [1]
Either narrower veins with very high grades that can stand some dilution or wider veins (> 1m) with higher than average grades which involve some tonnage are what need to be demonstrated before anyone should count too many chickens involving increased tonnage and trucks and loaders.
Having said that: Nice pics to see after waiting so many years.
==============
- Note the July 6 report of shipping of 9 tonnes (appx. 1/2 truckload) @ 45 gpt. [1]. So they have some amount of early target ore picked out already.
“As announced AURYN sent 9 tons of ore to Enami for processing with a result of 45 grams of gold per ton. The remaining ore has been stock-piled and will be processed once AURYN begins regular shipments of ore to Enami.”
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If you are new to Medinah (MDMN) and Auryn (AUMC)…
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Seventeen air miles northwest of Santiago, Chile, the Altos de Lipangue Mining District – “the Alto” to miners – spreads across forty square miles of uninhabited scrubland.
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In the years following Chile’s birth as a nation (1818), 1,500 claims were filed by prospectors who often scratched fortunes from the Alto’s surface.
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By the 1980s, after decades of surveying, mapping, and core sampling, mining experts knew the Alto’s innards to be crisscrossed by veins of bonanza-grade gold – with two monster deposits of high-grade copper and molybdenum lurking below.
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International conglomerates with experience at developing such sprawling finds were continually stymied by the hundreds of claim holders, but by the early 2000s control of the Alto had been consolidated by Medinah Minerals (MDMN).
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As MDMN flirted with suitor after suitor, mismanagement and short-sellers drove MDMN to a low of $.0005. But a company with rights to untold billions in near-surface mineral wealth, at low altitude, in the most stable geo-political entity in South America is a hard beast to kill.
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In 2016, Auryn Mining Corporation (AUMC) bought MDMN, including 100% of MDMN’s rights on the Alto, and has since been executing a methodical, professional plan.
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All necessary permits are in hand, a new tunnel has been built, new equipment has been purchased. Recently AUMC has been stockpiling, shipping, and processing ore containing eye-popping grades of gold. After many years, hard rock mining has returned to the Alto.
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AUMC anticipates positive cashflow by the end of 2021. Over the past ten months, the stock price has risen 800%. As of October 2021: “Management remains extremely bullish.”
More info:
Auryn Mining Corporation posts updates here.
Medinah and Auryn shareholders chat here.
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The next few quarters look “extremely bullish”
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