It doesn’t need to be spun. A couple of us have been saying in various ways that MDMN is not a junior mining or exploration company.
MDMN has no employees, no expertise in mining, and no money. It has 1.4B shares, a checkered past, 100% ownership in 3,000 hectares of land outside of Santiago, Chile, some shares in CDCH, and 15% of the shares of NUOCO (who owns 5% of AMC.)
Thankfully for those of us who own shares in MDMN, the real estate is on the Altos de Lipangue and has real value to someone who knows how to actually be a junior minor. AMC is about to go into production right next door to MDMN and will return significant profits. They have demonstrated that MDMN’s Merlin claims have value. In addition, MDMN’s land is likely part of a large economical porphyry system. It’s going to take lots of money and know how to monetize this. Medinah doesn’t have any of that.
For those of you who missed it, this post said it all.
It’s now time to consolidate our property with our neighbors in exchange for a share of the profits from the entire operation. It’s time to stop playing around and put this incredible project into the hands of someone who will explore, develop, produce, and return profits! It’s time to mine the mountain and not shareholders.