Don’t forget the group that is waiting for a continuous flow of dividends to be paid when production starts and the $100 million plus dollars is paid to MDMN.
I’m holding out for the mania stage of gold. If I live so long…besides Rob McEwen has me in my happy place these days
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I believe this bounce in gold is temporary and it will correct to the downside one more time before we stage a real long term run. This is based on the fact that the rest of the world is doing much worse that the USA. You will see a flight from other countries’ markets and currencies into the dollar and into the US stock market, which will prop up the dollar for a short term. This strengthening of the dollar will cause gold to fall in dollar terms. Once this exodus into the dollar is completed, I believe our market will fall as well and then the gold market will start its long term run. JMO
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The different scenarios discussed on this board are not about what people “want” but more along the lines of what people expect. When someone offers their opinion of why 10, 15, or 20 cents is a reasonable price target this opinion should be considered if its associated with underlying numbers/comparative valuation/etc. When someone claims that 10 cents is too low because their cost basis is 12 cents it should be ignored.
It’s worth pointing out that 17 cents (a number considered to be waaay to low for many participants here) is 1000% higher than where we trade today and right inline with the moves in the junior stocks you reference during past manias. I’d also challenge you to find a single example of one of these juniors moving thousands of percent higher with a billion shares outstanding.
Ill spare you the trouble. You cant find any
I see that some are still stumbling over themselves trying to rationalize that somehow their own investment isn’t going to turn into a bonanza when in fact it is well on the way to doing just that.
I think there still remains only a few that understand the magnitude of Auryn’s discovery’s on the mountain. A World Class discovery with a location that would be hard to imagine a better one…in a World that has almost none of them left. This is going to generate a lot of wealth for a lot of people.
Medinah will be leveraged in way so that a lot of wealth will come to them via cash, percent of the Public company Auryn and additional production rights.
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Good for you for thinking that.
Too many false alarms and failed promises, not to mention almost 1 and half billion of shares outstanding.
You can`t blame us if we would settle for 0.07.
sorry but makes more sense.
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Mike, the opinions of a few who prefer the “cry all the way to the bank” routine are not sane or realistic - and I wholeheartedly agree that they do not appreciate what we have, and betting against the home team sucks. Maybe we can bank on them to stand behind their word and sell one day when and if we get to 10 cents? I’m thinking they will slowly but surely change their minds about this as they are already coming around to see that this deal is NOT going to be a “quickie” and that it is turning out to be exactly like Les predicted many months ago, a slow, methodical journey to value. Yes, the insane attempts to predict corporate action are entertaining, but I have been told more than once that their substance is FAR from reality. Keep guessing, folks.
It appears that fastest way to make Medinah’s share price bullet price and permanently upward is revenue from production. It shouldn’t take long. The gold nuggets that Auryn is pulling out of the Caren will generate a lot of cash relatively quickly.
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News from Medinah !
Rod
SHAREHOLDER UPDATE
Property Summary Report
February 25, 2016
Dear Medinah Minerals, Inc. Shareholders:
The Altos de Lipangue project in Chile has continued to deliver
surprising results even to the world class geological team assembled and
working on behalf of AURYN Mining Chile, SpA.
From the very early days of exploration on the Altos project,
Directors of Medinah became aware that the potential of the plateau was
enormous with significant implications to the Chilean economy. From the
discovery of the copper gold breccia zones in early 2000s, to the
continuous intersections of high-grade gold veins and structures, almost
every time more work is initiated, additional and extensive
mineralization has been discovered. The Altos de Lipangue claims are
producing evidence of an ore deposit of world class proportions.
The Option Agreement entered into with AURYN Mining Chile, SpA in
August of 2014 has offered new opportunities for shareholders of Medinah
to follow the work of well-funded professionals as they explore and
develop the Altos claims. AMC has announced that they are now moving
from an exploration phase to a combined work project. This now includes
planned production that covers an area over 2 km long of high:-grade
gold zones identified from Fortuna to Caren.
The work done by the AMC team has discovered and developed very
impressive and significant mineralization that has been reported on
their website.
AMC geologists have identified extensive copper/gold mineralization
throughout the Altos plateau. This mineralization is related to a
porphyry intrusive body underlying the claims at the moly zone, Pegaso
Nero targets. The extensive molybdenum anomaly, the presence of the
hydrothermal breccia, the high Copper-Molybdenum results on that breccia
and the age of the mineralization, are convincing to the AURYN Mining
Chile, SpA team that there is a new Porphyry Copper system. This new
discovery is opening the identified cretaceous porphyry belt to the
south of Uahuin and Andacollo porphyries that also lie within the IV
region in Chile.
Highlights
• Over 5 kilometers of mineralized veins were mapped.
• Over 1,600 rock and trench samples were collected.
• High-grade Au ± Cu ±Pb± Zn mineralized veins.
• In Merlin I, the vertical zoning in quartz-carbonates textures suggest a preserved epithermal system.
On January 06th at 3:33:00 pm at ADL
Highlights
• Bonanza Gold Grades (>50 g/t) were discovered in Mina Caren sector.
Mineralogical zonation suggests the preservation of epithermal system
and its continuity.
On January 27th at 12:36:00 pm at Caren
Highlights
• Gravimetric Fire Assay results confirmed bonanza grades up to 124 g/t
Au. Geochemistry and vein textures confirmed preserved low sulphidation
epithermal system.
The extent of this copper/moly/gold porphyry intrusive and gold
mineralization crosses the entire Altos plateau from the moly sector to
the LDM/NUOCO/Mambo sectors on the other side of the plateau and the
Fortuna to the Caren.
Work done by LDM/NUOCO team previously outlined a copper gold manto
structure as well as another gold system within those properties. An
Enami Engineer and a Geologist recognized the mineralization as
significant. The Engineer commented that in this type of formation, we
have the mineralized leads to follow for continuous mining towards the
origin of the fluid enrichment. He also stated that additional
high-grade gold content will begin to appear as we get further into the
formation. Several areas of the copper zones sampled, returned grades of
3.2% copper over a 9–meter width.
Visual observation has determined the minimum size of this
copper-gold structure to be 400x500x200 meters open to depth. Some assay
results of channel samples taken by company geologist in the main
copper zones are as follows:
Copper 5.85%, 3.13%, 4.53%, 6.52%, 2.42%, 4.26, 4.20%
Silver- 36g/t, 19g/t, 64g/t, 25g/t, 41g/t
LDM/NUOCO gold structures contain some veins and zones that are
large, from 1-meter up to 11-meters wide. While on site, the
mill/refinery Professional Geologist sampled an 11-meter width of the
gold-bearing quartz vein that returned 7 grams of gold per tonne.
The discoveries at the Altos de Lipangue claims groups are
significant and continue in all directions. In order to give full
understanding of the value of the project to the AMC team and Medinah
shareholders, we have attempted to outline key points in this
generalized summary.
The properties will be put into production on the presently permitted
area as AMC develops their plans. The first production phases are
scheduled to begin set up in early April 2016.
As this potential “world-class” deposit of copper and separately of
high-grade gold, Medinah shareholders benefit significantly on earnings
as a 15% interest holder in the project. AMC is required to pay to
Medinah $100,000,000 (one hundred million dollars) to finalize the
Option Agreement and acquire the Altos properties. The most lucrative
part of the contract will be the retained interest returning dividends
for the entire life of the Altos de Lipangue mine properties.
Vittal Karra
Chairman/President – Medinah Minerals, Inc.
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Now that’s what I’m talking about!!!
what a nice surprise!
And you can take that release to the bank!
Now we need the market to react after this great News
nice update but shouldn’t they at least give a deposit before they can mine
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One can’t help but wonder- Does Vittal run these things by counsel before publishing?