MDMN - 2016-02-22 Weekly Discussion

In case you’re still out there, the emails to 57Chevy & to Trampus bounced back.

Also if anyone new (or old :slight_smile: ), would like to be added to the “Notification of New News” list ;

If you’d like send me a message and I’ll add your new email to the list.

Rod

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That’s probably why lester is leaving for Chile April

Yes it would have been nice to put out

Do you really think Les " PUTS OUT " ??? :wink:

Will MDMN be filing the 10K on Monday?

Still $100,000,000 USD and 15%. Sounds good to me! Also acknowledging the greater value of the 15%. Nice attention getter. I am in for the long haul, with dividends.

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Wheres MG CHG Wizard Baldy? What do you guys think about this release?

it was a good update reiterating what we all expected from the mountain and why I have been in this investment for 18 years. I would have liked to hear about how we are going to benefit from mining taking place on our claims. moo

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Put this in the vancouver mill category until you see it publicly announced. I don’t know how accurate it is.

MDMN gets

  • 20% of what comes from NUOCO claims
  • 30% of what comes from ADL claims
  • 5% of what comes from Caren claims
  • 5% of what comes from Fortuna claims

My assumption on those percentages is that it’s after shipping and milling expenses. We’ll see.

AMC owns all of the above claims except for the ADL. Per one of AMC’s latest updates they will use early production revenues to supplement their exercise of the $100 million option.

The longer it takes for AMC to exercise the option, the better it is for MDMN. Once AMC exercises the option MDMN will be subject to cash calls for development costs. Until then we just share in the revenue stream and don’t risk dilution of our AMC equity or having to spend down from the $100 million cash option.

Also I heard secondhand that they valued AMC at $180 million and gave up 5% each to NUOCO and CDCH. MDMN ought not to give away cash from the $100 million for more equity unless we’re given the same valuation of AMC equity that was given to NUOCO and CDCH.


P.S. ::: ahem ::: the word minimum is gone. :wink:

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Great confirmation that we are still on track.

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Newleaf, you are absolutely correct, it’s a great confirmation but it’s not gonna do anything for the share price because it’s a statement of future intentions and not a statement of executed intentions and Medinah has a track record of the former and not that many of the latter…

I had reason to be in Sandy Utah over the weekend, which is just South of Salt Lake City. I looked across the valley and saw the terraced waste tailings of Bingham (Kennecott) Copper Mine. It seemed very very close. On google maps it ended up being 27 kilometers but it looked like it was right next door. How far is the Altos de Lipangue from Santiago?

I understand - I just need a little hand holding now and then.

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Level 2 please, (for both)

Thanks,
Rod

Yes, admittedly the word minimum is indeed gone … for now. Does the 180 million mean it could reappear?

More or less 40 Km or 25 miles I think…

I think it is great that Medinah took the initiative and released this update on their own, without following Auryn’s lead. Let’s just hope it turns into a wire release, as opposed to just a web site shareholder’s update…

You have now officially lost me. I can’t keep up with the points you are trying to make but, unless you’re trying to convince yourself, just assume you’re right and be happy with the status of your investment. I am.

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This almost makes it sound like Medinah has intentions of surviving as a dividend paying company for the entire life of the mine properties. Did I miss something?

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No you didn’t … it’s just like Vancouver has been saying all along. The truth hurts … for some (not necessarily you).

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