For a mining company to succeed it needs capital, expertise, and a worthwhile property.
MDMN has had a worthwhile property for a long time. Unfortunately they have never had any real capital, nor have they had any expertise. For twenty years the property has been fragmented and under control of people who were either
a) more interested in mining investors through the public markets than mining the mountain, or
b) overvalued the land while devaluing capital and expertise
AMC has come along with capital and expertise. It has taken them quite some time and an incredible amount of patience to work with the parties of MDMN who want to monetize the mountain rather than monetize investors or over-value the land.
It is not AMCās fault that MDMN squandered the property through 3 or 4 companies and hundreds of millions of shares. Nobody should expect them to devalue what theyāre brining to the table to make up for the dilution weāve suffered with MDMN, CDCH, NUOCO, etc.
I, for one, am very thankful that we have someone who was able to finally breakthrough and get this to the point where we may actually get a return over the next couple of years.
Lord knows how many times Iāve had that nauseous feeling that comes with thinking you flushed almost every excess penny youāve worked for down the toilet. Since the time AMC announced their consolidation of NUOCO, Cerro, and Caren, I have not had those anxious feelings. MDMN is the last piece of the puzzle and itās fully under option with a contract all of us are free to read. There is no NDA, no sidebar agreements, itās all out in the public.
Drill the ADL, exercise the option, and ring the cash register! Thatās what will happen over the next 6-18 months. (moo)
For those who cannot wait that long, I truly am sorry. Iāve waited almost 20 years. God willing, Iām not going to falter at the last.