Medinah Minerals (MDMN)

[Hurricane_Rick]

They have no ethics but you think the mountain is worth a hundred million or more?

Well, Gordon House's (P.Geo) original resource estimate for just the drilling at the Gordon Breccia comes to $2 billion give or take a few $100 million depending upon the price of PMs at the time you do your calculation. And Auryn Mining entered into an option agreement to pay $100 million for 85% of the ADL and is currently spending $10 million proving up the Gordon Breccia and other ADL targets in an official capacity as we speak. I think I'll stick with the professional geologists, those with stellar professional reputations in S. American mining industry, and those who are funding the operation as to whether or not THEY think the mountain is worth more than $100 million.

The stockholders' biggest problems is believing stories from people who have no ethics, IMHO.

LOL!!! Truer words have never been said...and oh the irony!

Within 3 months at least 300 million of those shares appear to have been sold

How could JJ dump 300 million shares on the market in 3 months when only 108 million shares of MDMN have been traded in total during that quarter?...cue the contrived conspiracy theory.

If the person in the best position to know the true value of the "mountain" doesn't believe it's worth even the current valuation, then I think assuming he's wrong, is probably a mistake.

LOL...what a stretch that is. You have to make the assumption that he sold the stock which is clearly not supported by the trading volume. Converting stock from preferred to common has nothing to do with assessing the value of the mountain. It's about getting controlling votes to protect one's interest, particularly when another entity has publicly indicated their intention to buy MDMN stock on the open market.