Medinah/Auryn - 2018 Q3 General Discussion

[easymillion]

GCC,
You are so right as you reminded us before closing out the Q2 thread and beginning Q3, many don’t go back and comment on the previous quarter! Many also don’t bother to check links that would benefit a greater understanding of just where things are with the ADL.
A few days ago WIZ posted this link (along with the comment “The ADL is truly a massive greenfield mining site.”):
https://investingnews.com/daily/resource-investing/greenfield-brownfield-projects-less-risk-faster-return-on-investment/

Back in January (2018 Q1) there were two very interesting posts, first by HR and then followed by CHG (see the full discusion):

Continuing the discussion from Cerro/Medinah/Auryn- 2018 Q1 General Discussion :

@Hurricane_Rick

One thing shareholders need to keep in mind - Auryn, like any legitimate mining company, is in this to make money. No legitimate company likes or wants to sell shares to fund operations, because that dilutes ownership - theirs and ours.

Continuing the discussion from Cerro/Medinah/Auryn- 2018 Q1 General Discussion :

@cornhuskergold

Along these lines, Auryn’s statement re. the intention of Cerro “becoming a junior and major mining company” is a very bold statement. It has to be taken with several grains of salt until there are details provided in regard to that vision/intent.

One misses a lot if they don’t go back and reread a lot of the thoughts and discussions that other shareholders have taken time to post as this “investment” evolves. The truth is that this stock has taken far too much time for most shareholders to envision an eventual ROI. Much interest has been lost because we are not seeing results. How many here have taken a look at the incredible optimism overall in “the junior” miners as shown on the GDXJ chart beginning in 2016? There was generally enthusiasm in the entire sector. Comparatively, junior minors did not perform well during the 2017 year and interest dropped off noticably during Oct and Nov last year.

Could there be a good reason for AURYN not to proceed to start funding the exploitation of a new mine due largely to waning interest and diminishing profitability in the sector? Could a better strategy be to expend funds by expanding and acquiring adjoining claims while the sector was depressed? Is this part of AURYN’s strategy?

Has anyone been following TheRod’s many postings on “Other Mining Stocks” the past couple of years? There is a great amount of DD on the other thread. As a comparison check all the postings that the Barkerville Exploration Project has accomplished since 2016 and how it’s chart has been performing. Barkerville is only one of many examples on the other thread:

@TheRod

Barkerville was able to identify and wire frame 145 vein corridors which will be the base for the resource estimate in 2018.Greenfield Exploration Barkerville’s greenfield exploration team was tasked with developing targets to the southeast of the central project area along the 67 kilometers of strike within the company’s Cariboo Gold Project.

also see TheRod’s post #350 (2018 Q2) Barkerville:

@TheRod

Barkerville Gold Mines BGM.V

Cow and Island Mountain deposits only -

1.60 M oz measured and indicated category (8.1 million tonnes grading 6.1 g/t Au)

2.16 M oz of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)

2.16 M oz of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)

Barkerville is only one example of a greenfield project that is so far ahead of the exploration done by AURYN on the ADL. There are many other examples presented on the Other Mining Stocks thread of greenfield projects. A better perspective could be gained by comparing progress to the many other greenfield stocks that have been followed by several posters on the other thread and how those stocks have performed, IMO.

Generally speaking, Market Cap is a very inappropriate method for determining valuation. We don’t know what we don’t know. Are we really basing a valuation on the balance sheet of a company only holding a minority interest in the underlying asset? As the WIZ recently reminded us, “The story is FAR from over.”

As much as I’d like to be optimistic about the next quarter, it may be better for shareholders to reign in their expectations of a quick recovery for CDCH/MDMN/AURYN stock prices. We do not even have a consolidated stock on the market yet. There is much work to getting our stock in shape so that it can perform well, along with AURYN announcing some great early mining results this next season or perhaps a JV. Timing in this sector is important.