Thanks Kevin! Appreciate the videos and updates.
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The size and quality of the branch is stunning,
Can you imagine what the âtrunkâ is like?
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Wizard, I must admit I donât have a trained eye when it comes to these things, so Iâll just take it from you this looks really good!
It makes me feel a lot better about this investment that these guys are doing exactly what they say they will do and are actually moving forward. It makes sense, as their interests are aligned with ours.
Either yesterday or today or tomorrow⌠One of those is the ten-year anniversary of my first MDMN purchase.
Whoâs been here twenty?
Twenty-five?
Thirty?
â madmen
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Iâve got to be close to twenty.
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2011 for me. Thanks for reminding me. 
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Anyone else not getting audio on the you tube link?
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2007 for me. But I took a huge loss and have rebought at under .002. Now have over 9M shares. Also 7K AUMC.
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There is no audio. Removed because of conversation details. 
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In 2000 while living in Florida I called a stock broker in Vancouver and asked for a broker specializing
in prospective gold companies. He recommended Cerro Dorado. From Cerro I switched to MDMN
and then added AUMC and AMNP. So, Iâve been around for 21 years and have seen several friends
and relatives pass on while waiting for the payoff. I think itâs finally starting to pay off 
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Iâm thinking 1998ish or a little before for me. It has been so long that I forgot that it use to be called Medinah Energy with a stock symbol of MDHM! 
Hereâs an old thread I started that still seems to be in existence: MDHM-A Junior Gold Mining Company With Great Potential | Stock Discussion Forums
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Here is the original thread that Kevin started that first caught my attention: (It was started in Sept 1997)
For fun, here is an AGM summary I put together back then.
Hereâs a summary of some of my notes from the AGM. I have lots more information but didn?t record it in my notes. I will go over that information later.
Arrived in Reno Sunday night and immediately went to an informal shareholderâs meeting on the 27th floor of the Hilton. Management was in attendance but were keeping rather quiet and mostly in listening mode. There was some finger pointing and a few angry words but nothing too exciting. Didnât learn much from the discussions that I didnt already know(or covered in my notes during the formal shareholderâs meeting)
-nevertheless it was very interesting meeting the cast of characters that are involved in Medinah!
Impression of Directors and other players:
Les Price: Businesslike-very capable and professional. Certainly, much of the present success of Medinah can be attributed to him. (It is unfortunate that his past dealings overshadow his accomplishments with Medinah but it is something we just have to live with!)
Larry Regis: Professional-a good speaker,leadership skills, a stickler for parliamentary rules and clearly an asset for Medinah.
Greg Chapin: Top notch. Nothing else needs to be said.
Paul Jones: Top notch. Very friendly, funny, and very experienced in his field.(some 40 years-during which he has looked at some 1000 properties-of course you can guess on what property he thinks is the best he has ever seen!)
Steve Doppler: Top notch. Steve and his company arenât the sleazy PR firm the bashers would have you believe. Quite the contrary.
Gary Goodin: Top notch. Probably the nicest attorney Iâve met! And there is no doubt he is a better blackjack player than me!
Russell Godwin: He is just as pleasant to meet in person as he is to talk with on the phone. Obvious quite capable and knowledgeable and not afraid to share his opinions! Another great asset for Medinah!
Gordon House: He wasnât there but saw his picture-he has a beard-was wearing a hat and has nice size beer belly! No seriously-everyone that I have spoken with had nothing but nice things to say about him.
Juan Quijano: Saw his picture-he does not look evil! Paul Jones, who knows Quijano well-spoke very highly of him. He is a very down to earth millionaire and kind of guy who would go out of his way to make you well comfortable.
Michael Morrison: Top notch. Again-nothing else needs to be said.
Misc. notes/thoughts:
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Mike Hoppley is acting as a consultant for Medinah. Since Gordon House can nt longer be considered impartial-Mike will be taking over the role?
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Steve Doppler flew from his sisterâs wedding to make the meeting-he has been to Lipangue twice, LDM once(August 18 & 19 and on October 9) Saw some interesting quartz crystal samples taken from the quartz float at Lipangue. Steve says the hydrothermal breccia at Lipangue is a textbook example.
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Steve noted standing water in the trenches at Lipangue-water should not be a problem this year for drilling.
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Geodatos is currently doing IP at Lobo-slide show placed the new came right next to the Lampa mine.
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Steve estimate shear zone at LDM 100 to 200 meter longer than what AC Howe said. Primary target there is the shear hoisted gold-secondary target bedded mantos.
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Steve says location is great-all the prior work that was done is first notch. Says Lipangue/LDM probably world class. Described world class as a deposit with a million ozs of gold or billion pounds of copper-says only 400 examples in the world that fit this criteria.(Most of these are only 2 to 3 million ozs.)
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Commented on the excellent quality of Gordon?s work-Gordon is really getting the most out of shareholders money.
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Steve says Gordon has backed off on multiple pipe theory-early IP results show no pipes at Lobo-instead shear zones etc.
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Steve discussed the ?cat and mouse? games being played by the Majors with Medinah.
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To avoid problems-Medinah has paid an access fee to a local former for road access. Steve thinks Medinah is doing a good job maintain good relations with the locals.
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Diagram of were the 2 deep drill holes will be.(IP stations 1000 meters, 11000 meters-Not sure of W to E coordinates. At the location the holes will be drilled-if IP correct-should hit a 650 meter intersection of minerlization. Holes drilled further South would hit even greater intersection as base of pipe/porphyry drops out of IP range.
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Steve says never seen anything like it.(IP survey-he has the summary report in hand.) Breccia pipes rarely dip much from vertical-this pipe seems to dip almost to horizontal. It also gets much wider with depth. Since pipes as a rule either maintain dimensions or get smaller with depth-IP is probably show the porphyry-this would explain the wider dimensions. Also IP shows anomalies widen.(W to E dimension) with depth. Porphyry perhaps exposed on Southern Cliff of Lipangue? Too steep to check-would need climbing equipment.
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Richard Cahoon-President of CDCH introduced.
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Chapin Report. 4.9 million shares present(17 shareholders) plus 38 shareholders(61 million shares proxy.) 66 million total. Menzie?s group-8.4 million shares, Les Price-4 million, Larry Regis?s group 47 million.
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Les Price. SHPAK & Company have completed financials. Scott Jensen CPA. If not problems-ready to file next week. Big backlog in processing filings. SEC may grant Grace Period-ie perhaps not end up on pink sheets before financials all processed through the system.
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Motion made to add Greg Lillar to board. Supported by Menzieâs group. Board of Directors decide to allow only 4 board members at this time. May change latter and allow Greg. Board can appoint who they feel like. Larry had controlling votes so he elected himself, Greg, Gordon and Paul Jones.
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Short position varies between 10 to 30 million-probably closer to 30 million. Brokerages giving multiple excuses why they have not delivered certs have receiving warning letter.(They are getting several responses a day from the 44.) Biggest excuse-?shareholders have not asked for certs?!
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Michael Morrison says donât complain to SEC if not cert. Best bet-complain to NASD-they will definitely follow. It will be the DTC that ultimately catches the shorts. He says 100% guaranteed.
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Michael says it does not matter what the date says on your Medinah Gold certs. The 1 year waiting period starts June 1 of 1999. Of course-what if you never get the actual cert?
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Thursday/Friday-this week should have English version of IP report-then select group gets it-Majors and investment groups. 18 NDAâs with just Majors. Of the 18, 7 to 8 of them very interested/
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Two months ago-starting meeting with Big Fund. 30 meetings at least. Fund takes mining companies from inception to full blown mining operations. Waiting for Geodatos report to finalize deal. Les was on the phone with them prior to the meeting. Amount financed-OPEN ENDED. Fund will be buying stock at the market and from private shareholders.(RUMOR-no diluation for financing-will be payed for by a % of future production.)
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NPEC and Frontier have not yet converted preferred to common. $1 strike price is simply the price the original numbers were based on.
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Rollback? No.
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Vote to increase outstanding shares from 100 to 200? Needed to be able to fully convert preferred? If that is the case-why not 150? Okay-150. Yes. Why not wait to do this-1/3 of preferred can be converted each year-need to do this prior to NASDAQ merger.
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Medinah has spoken with 3 companies about doing this reverse merger. Narrowed down to one. Tired old company with 18 to 20 million in sales each year.($5 share price.?)(Not a mining company.) Owners want to cash in. Stock would be shell when acquired by Medinah. 3 of the 4 biggest shareholders in agreement(27% of total) to merger with Medinah. Merged company with be Medinah Mining Inc. Has to be done by end of November or it?s a no go. Letter going out to shareholders of this Nasdaq company this week requesting approval.
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Ian Dow asked when is Medinah going to pay his group for the IP survey? Soon.
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Daytonâs suits. Dayton USA-dropped-no assets to get. Canada case set for August 14, 2000. Nov 18, 1999 Discovery starts. 4 main Chilean suits may be up before Supreme Court early 2000. Very slow court system. Expect more delays. Hulio won $150,000 from Dayton for right away across his property. He wanted $900,000. Dayton had maintained that they owned the property-opps!
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Chilean cases cover 4 separate claim groups or about 300 hectares-each case separate claim-Dayton has mined to the borders of each claim group?
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Medinah Gold-22 shareholders present-850,000 shares, 89 people by proxy-5.7 million shares-just barely 50% .
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Paul Jones gave talk-he has seen 1000 properties in dozen countries-Lipangue is best.
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Placers-600,000 cubic meters mined before-probably worth $6/cubic meter-production cost around $3/cubic meter at today?s prices. Problems in past placer production-thieves!
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Suction dredge was too small-however-lots of gold in paystreak adjoining bedrock-visible gold. Rivers are not used for drinking water, no fish.(No EPA concerns.)
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Pungee placer ready to go in MG management wants to spend funds. Caron placer-big boulders. Start small-show that the placer operation is viable-then expand-that the plan. Were just about ready to go when management decided to drop project last year in favor of spending money on Lipangue.
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Ipun Island. Placer gold on all 4 beaches and rivers. Whole island owned. Source of gold is not known. Interior of island not explored-very thick vegetation⌠Placer operation would need only a screen and cyanide solution. When the weather warms a little more and the storms lessen-they will return for more work.
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MG Directors/ get 200,000 share options at 10 cents a share.-directors authorized to issue upto 2 million shares for these purpose. Some others eligible if approved by directors.
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Should MG go IPO or merge with existing OTC mining company? What is the best method? If merger-need to take care of short position first before merger or shorts would be able to cover.
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What OTC company? Canât say but it is not NPEC or CDCH. (My comment-who it is-obvious.)
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About 10 years for me - another shareholder/dear friend died during the two-surgery routine for Parkinsons. He had millions of shares. Sad, but I DO believe things are turning around, and I do believe we will all be able to get out at a nice profit ⌠with a little more time and effort that seems to be happening. Thank you, Maurizio - you COULD have been calculating ways to dilute and screw us poor shareholders further, but you have chosen not to.
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Nice instincts on Les Price. Lol
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2004 purchased my first 500,000 shares, purchased a nice bottle of Glenfiddich for the day I cashed out, drank it a long time ago LOL. Iâve always believed that some day this will pay off and still do but now I own a heck of a lot more shares.
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Most fortunately, I have superior computer skills and even sharper skills in the area of imagination, which have enabled me to recover the audio portion of one of the videos posted yesterday:
âDios mio, mira esto! My god, look at this! Every single time we blast we hit more of these monster branches! Any direction we turn â insane grades! Stillitoe was right! Where are we gonna put all this stuff? And over here! Dios mio! What do you think, Raul? A couple more trucks â bigger ones? And whatâs going to happen when we hit the main vein? Hey, are we sure that air compressor is working? Iâm feeling a little light-headed â you?â
Sorry, thatâs where it cuts off. (And the second video soundtrack was simply some guy repeating, âOh my, oh no, oh my, oh noâŚâ over and over and overâŚ)
â madmen
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You joke of course, Madmen - but from their mannerisms in the video this certainly seems like they could in fact be uttering words as such!
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SOME THOUGHTS ON THE SIGNIFICANCE OF THE RECENT INTERSECTION OF THE DL1 VEIN THROUGH THE ANTONINO ADIT
- Of all of the veins within this entire mesothermal vein system, we know the most about the DL1 Vein (formerly referred to as the Fortuna Centro Vein). It is a KNOWN ENTITY. We know the grades to expect because it was in production for a full 30 years.
- It represents the quickest and most powerful route to blocking out ounces of Mineral Reserves and Mineral Resources. The trenching program told us the grades at surface and the historical production figures told us about the grades found at âLevel 1â about 45 meters below surface and âLevel 2â about 65 meters below surface. We also know the grades found in âShaft 1â which connects level 1 and 2. The âQualified Professionalâ (QP) Professional Geoscientist will be allowed to take the grades found at the new intersection and âinferâ that the grades being found between levels 1 and 2 and this new, much deeper level, are in between these grade levels.
- We now have confirmation that, like mesothermal veins have a tendency to do, this vein did indeed widen from about 0.4-meters in width near surface to over 1-meter at the 188-meter or so depth level below the plateau surface. In fact the zone of mineralization has increased to âwell over 2 metersâ in width.
- Being that this is a true mesothermal âvein systemâ we can now infer that the various other veins within the system will probably also widen with depth. With this increasing body of evidence of the mesothermal nature of these veins, we can also be more confident in assuming that these veins will continue to widen with depth and extend very deeply as mesothermal veins tend to do.
- This new intersection also enhances both OPTIONALITY and SCALABILITY. This intersection will probably add 2 new working faces to the production efforts so that the number of ounces produced per unit of time will SCALE up.
- Now that weâre in the DL1 Vein, the plan is to access Shaft #4 of the âOld Fortuna Mineâ in order to augment the ventilation efforts already taken.
- This new intersection should provide information to advance the geoscientists along their learning curves of this overall mining district. Any parties interested in the porphyry assets should be able to use this new intersection in order to enhance their knowledge of what to expect in the underlying porphyry structures.
- If the trenching program completed several years ago only identified 1 vein then that would be one thing. The reality is that it identified 5,000 lineal meters of veins that made it all of the way to the surface. This doesnât count those veins/bosses/plugs that did not make it all of the way to surface. Until proven otherwise, the assumption will be made that all of these veins will behave in a similar fashion.
- The projected âmine lifeâ is no doubt going to be significant.
- A well-developed system of veins underlying the ADL plateau should not be a surprise to any of us. Recall managementâs pictorials of the 200-plus meter width of argillic alteration (clay) found at surface right above the area being developed. Itâs the same gold-bearing hydrothermal fluids and gases that carry the gold upwards from magma chambers that causes all of this alteration at surface. The âplumbing systemâ (faults, fissures, cracks in the rocks) that provided the transport mechanism for the gold ore to rise and inhabit these âveinsâ also provided the highway for these ultra-hot fluids to âpressure cookâ the host rock granodiorite (think of a granite countertop) into clay.
- We might want to incorporate this new development into the 5 projections/goals they recently revealed. Goal #1 was to moderately increase production. Goal #2 was to increase communication efforts. Goal #3 was to pay off management for the cash advances. Goal #4 was to SIGNIFICANTLY ramp up production. Goal #5 was to become a CASH DIVIDEND MACHINE.
- Weâre rapidly approaching the point at which we can take pencil to paper and calculate a proper market cap based on industry standards and norms. It would be nice to have management provide us pro forma projections on things like the number of working faces being simultaneously mined, projected production levels at each site and in total, estimated costs (AISC) to produce each ounce of gold, etc. For comparative purposes we already know that the average gold mine in production worldwide mines 7 gpt gold. The average âall in sustaining costâ last year for these miners was $907 per ounce. We also know that since many of the costs in this sector are of a fixed nature, then higher grade gold ore results in a substantial reduction in terms of cost per ounce. This is because those same fixed costs can be spread out over more ounces produced. We also know that Enami will pay the mining firms producing over 25 gpt gold ore âby product creditsâ for the copper, silver and moly contained in that ore. We know that SMFL produced from this very same DL1 Vein for 30 years averaging 64 gpt gold. I think we need to await confirmation of the grades being shipped to Enami. Itâs hard to fathom producing 64 gpt gold when the worldwide average is only 7 gpt gold ore.
- In the mining industry the saying goes that GRADE IS EVERYTHING. There is a 2 plus 2 equals 8 aspect to high-grade gold ore. With higher grades there are more ounces of ore being shipped in each truckload. With high-grade ore, the cost to produce an ounce of gold goes way down because of the fixed costs involved. Thus, the PROFIT PER OUNCE is much larger for high-grade ore. If you can multiply MORE OUNCES PRODUCED by HIGHER PROFITS PER OUNCE PRODUCED then the math tells the story.
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I donât get any audio, anyone else ?