For your information only, even Les liked/respected Kevin. Probably only 2 individuals that were associated with Medinah management over the last 20 years that put more value into the investment than they took out of it. That would be Kevin and Greg. Greg certainly wasn't well liked but he stepped up to the plate and heped saved the Company over the last year for sure.

My eight figures worth of Medinah have complete confidence in Kevin to extract the remaining value of the Company into shareholder's pockets. No other major shareholder that I have communicated with has indicated that they have a problem with the job Kevin is doing. Kevin has an enormous share position in Medinah and is certainly making sure he gets some value for it along with the rest of us.

It should be noted that Masglas holds more than 200 million shares of Medinah. Principles of Auryn hold hundreds of millions of shares of Medinah as well. This fact alone makes it advantageous for Auryn to make sure that Medinah ends up with a very nice profit when the smoke finally clears.

Rick,

Very well stated. Thanks to Kevin, Medinah is now in an excellent position to monetize the half of the value still left over. I must call into question the motives of those that state otherwise as their posts are either blatant falsehoods or show a high level naivety of their investment. I have known Kevin for 20 years and have spent hundreds of hours on the phone with him discussing all things Medinah and feel extremely comfortable about what he doing for the Company.

I can say with certainty that Les and Sr. Juan no longer have anything to do with our investment. Good riddance.

Looking forward to a very interesting Fall when Auryn breaks their silence on what they have been up to.

It is a no brainer that it wasn't a coincidence that their silence about the property went into effect after Silitoe's visit back in March.

I believe Auryn has already acquired a new partner. (Their previous news releases certainly suggested they were looking for one.) I wonder who? A World Class Deposit and probably the best undeveloped mining project in South American deserves/require a top tier partner.

Kezzek, perhaps nobody bothered to tell you but as of right now-all the insiders shares are locked up. This includes, Juan's, Les's, Claro's, Greg, Mr Letts, and Vittal's.(Auryn has forced this requirement on Medinah...and of course who could blame them?)

I'm sure you will be excited to hear that very important developments are expected to come out of the latest round of meetings with Auryn as they are now very close to being the majority share owner of Medinah.

And no wonder, Auryn is buying up the whole float of Medinah. The only real question is how fast they will do it.

Let me throw in a few LOL's since you like to use that phrase a lot and mention that the most likely scenario is that Auryn will fully disclose the transaction and the price paid after the full 230 million shares are received from Sr. Juan and associates.

Auryn will be a majority shareholder of Medinah in the near future. Ride the wave....

"What about nuoco? Anything happening there?"

Yes.

Per the May 25 update:

"A detailed program has now been undertaken to create a comprehensive mining plan for the gold project and the copper project. Due to the consistent findings of increasing mineralization in both the separate gold and copper zones, a decision has been made to now implement a full mining operation. As a result, a consulting Mining Engineer was recommended by Enami to work with us on this project. Enami is the Chilean National Mining Corporation – Empresa Nacional de Mineria – established to promote small and medium size private sector mining in Chile by providing incentives and supplying technical, financial, metallurgical production services in order to help them be competitive. This consulting engineer has been hired to work with our on-site manager to ensure proper details and documentation of the permit applications. In addition, he will also assist in establishing the best extraction methods and ore targets for this particular operation and mineral structure.

While the above mentioned work is in progress, we are continuing to operate under the current permits. Trucks are hauling copper ore daily to the mill as a result of the mining crew extraction of the high grade copper ore. Production at the gold zone will begin when we have more accurately defined the target with our geologist and Engineer. Thus, we expect to add a second crew very soon to bring the gold ore deposits into production. We will continue to provide updates and reports in the future as soon as we have substantive information to share."

It is my understanding the above referenced mining plan has been completed and submitted as part of an application to the Chilean government to allow for large increase in production at the LDM.

When the regulatory decision has been made in the near future, shareholders will likely be informed and given further details.

"I would have to imagine that finalization of the deal should bring the price back to the recent .1078 high and should break that. However, that depends on the amount of exposure and fanfare the event gets via PR wires."

I don't think hitting new highs depends on exposure/fanfare. Rather simply completion of the agreement on Thursday as scheduled is all that is required.

The vast majority of the initial buying will come from parties that already surround the deal who simply have been waiting for this to wrap up.

New buying from the investment community at large will likely be related to the actual start of the drill program and will be results driven.

"Experts who say a deposit is open-pittable before a single drill hole has been completed, before the tonnage and grade is known, before the alteration shells and oxide/transition/primary sulphide zones are identified and modelled, before an NI-43-101 is done and before a definitive feasibility study has confirmed the fact and the start up funds are in the bank, are , frankly, no experts."

Actually there have been several holes drilled previously, several rounds of geophysics previously completed, surface sampling/mapping and more than a mile of underground adits/tunnels to draw from not to mention bulk samples from actual mined ore. Medinah was successfully able to mine at the LDM and has found high grade gold/copper without the benefit of any NI-43-101..which by the way is a Canadian standard-not a Chilean one. Having said that-yes-more data will be needed before an open pit operation is designed/commences. I should point out that there are many small/medium size mining operations in Chile that don't spend ten+ years with endless drilling/studies in order to figure out if it is a viable mining operation or not. That rather spectacular nature of the gold/copper grades already found at the LDM suggest they will go straight towards a larger mining operation.

"Even if structures merge and are continuous it doesn't follow that economic grade mirrors those facts. Only by block modelling the deposit and then coming up with a logical block extraction plan can you design a viable pit."

If true, then why have you already concluded somehow that an open pit isn't viable-hmmm? It is clear you don't possess this information, don't even have a basic idea of the geometry or in fact have even fully reviewed the information available on Medinah's website.

"Drilling is expensive; it would be better to map the plateau at a small scale and then complete a geochemical and geophysical program to identify and rank surface and near-surface anomalies so that the best targets are drilled first and you get maximum cost benefit from your drill budget. Just firing holes into the first targets that look good isn't that good an idea."

The LDM isn't a plateau..that is the Alto. Again..geophysical has previously been done. (I will concede that more geophysics will likely be done.) I believe a separate drill program(separate from the Alto JV with the Letts family) will be presented to shareholders in the LDM comprehensive mining plan.

Stevej, you said, "RD759 brings actual, specialized information"...

Unfortunately-although interesting, his information is erroneous/ incorrect, (For instance, his failure to either acknowledge or even understand that the copper portion of the LDM is not even in the shear zone at the LDM should suggest to you that he has failed to do his homework and doesn't understand the geometry of the mineralization to make speculations about how it can/can't be removed.

Again, one more time, all experts agree(starting with Gordon House and Robert Cinitis of ACA Howe back in the 1990's to more recent mining experts from the Til Til Mill and as recommended from Enami ..the LDM will be a highly economical open pit mostly copper operation with a short term continuation/expansion of a underground high grade gold operation. One need only read Medianh's website or pick-up the phone and talk to those that are in the know to reach this conclusion.

As a short cut, I suggest one simply wait for the pending comprehensive mining plan to come out for both the copper and gold portions of LDM which should explain what has been discovered and exactly what Medinah/affiliated companies will be working towards and what permits have been granted that will allow them to proceed with their plans.

"As for being open-pittable - no is the short answer. LDM is a shear zone".

FYI...the copper workings that contain the 5% copper are completely above/beyond/outside the shear zone and are considered open-pittable by all experts that have reviewed the project. It is true that the gold shaft in the shear zone will likely remain an underground operation for the short term but there is nothing in the geometry of the mineralized structures that will prevent it from being potentially open-pitted as well especially since the mineralized structures appear to merge into additional mineralization that exists on the hillside above it. Short term drilling that will occur at the LDM will be able to show exactly what is/isn't possible.

Your comments are not in even close to being factually correct. In the last year, Medinah has completely changed its Board, added a CEO, changed their ownership of the claims from 50% to 100%, and insiders have given up control of the Company. Furthermore, their new partner is an actual major mining company as opposed to a fund or group of investors as in previous times.

Just about everything that can be changed has been changed.

? I think I mentioned somewhere that I am not on the BOD of Medinah Minerals or of the BOD of Amarant and hence have no control over their actions. Sorry if you find that disappointing.

No I am not on the BOD but I did stay at a Holiday Inn Express last night! :)

Well it appears that yet another long cycle of patiently waiting to obtain a financing agreement to develop the Alto De Lipangue is coming to the grand finale stage.

Considering the quality of the partner, the fact that a significant security deposit of cash was already obtained and of course all the discoveries at the LDM..this time around should put to bed the one event needed for all Medinah investors to reach their price targets.

"Mike, i'm just sayin there were a number of articles about ullander's troubles in the swedish financial papers (some of which were posted on mp). I found it interesting that none of those articles exposed the alleged 75 million bond financing failure."

Mr U's funding raising efforts are still on-going so it might be a bit premature to consider them a complete failure. Again-it should be self-evident that Amarant/Alluvia doesn't have $75 million and never did..in fact the only money that they probably have is the money they generated from dumping all the shares of IGE and Mineral Invest that they use to own.

"posted on your site" Perhaps because they have more important things to discuss there? Things that actually matter to their Medinah investment? (FYI-MP is not my site in any way shape or form. I have no control of its content or how the site is run.)

"MDMN's never contradicting Amarant's claim of 85% ownership in ADL on their website will come back to bite them, IMHO."

Medinah made it clear from day 1 that they had entered into a purchase agreement with Amarant but cash payments would be needed to be made for Amarant to obtain any percent ownership in the Alto. Not a single penny was ever paid by Amarant. This isn't an opinion-it is a simple fact.

"There was simply no qualification of "subject to ...", nor did MDMN ever suggest that Amarant's claimed ownership was inaccurate. In fact they continued to bolster their own position by telling shareholders that Amarant was fully compliant, up until they unilaterally (and according to Amarant, without actually telling Amarant) decided to terminate the agreement."

I suggest you get your facts straight if you really want to properly discuss this mundane subject that no longer has any bearing on this investment.

"And since the agreement has never been made public, it may well be that Amarant is still compliant. Not much of a reason to keep it secret otherwise at this point."

And yes there are some that still think the moon landing was a hoax.

"Wow, an unsuccessful financial fraud prosecution. Maybe that's how MDMN and Amarant hooked up in the first place. Birds of a feather and all that."

Medinah has never been accused of financial fraud by any regulatory authoritity. Again..facts please..fiction no.

"but then again it took a year or so to figure out that Ullander did jail time for financial fraud."

For your information, Mr. U did not serve a single day in jail. He was able to get the felony charges dropped. That is why it was difficult to uncover this to begin with. I'm not sure how something that occurred about 25 years ago to somebody that has almost no bearing on our investment should be discussed here but I suppose it is a bit slow right now and discussing the weather probably would be considered off-topic!

Re:the $75 million dollars..you will note on Amarant's webpage..they made the following statement:

"Amarant Mining Limited (”Amarant”) has successfully closed the 500 million SEK Convertible Bond offering. The closing was delayed by four months due to the nonperformance of a financial partner for the last 100 million SEK. The funds raised were allocated to Alluvia Mining Ltd."

On the surface of that-it seemed reasonable to assume that the funds were in hand. Of course it is curious..that Alluvia Mining never announced that they had actually received any funds from Amarant and all their actions since that time have strongly suggested that never received a penny of that money. Certainly not a single AuVert gold recovery system was ever built.

Hence-it can be concluded that the funds of the Bond Offering were never actually received by Amarant to begin with. Amarant has already been shown to post very questionable statements on their website about other things and never bothers to correct them afterwards.

Rick, there is no $75 million. I heard some indication to suggest that the bond offering was never funded/finalized/completed. Mr. U is still currently trying to raise that money in London.

I don't know-should you? LDM Chile is paying the expenses. The scoop/haul method of mining is about as cheap as it gets.



? Your question makes no sense.



Don't take my word for it, just look at the Company website for the answer to that question:

http://www.medinah-minerals.com/Q_A_061912.html

IMO, the only issue outstanding is the partner handing the check over to Juan.



I don't believe the amount of the first tranche has been disclosed. Where did you come up with that number?



As best I can tell, every statement that Juan has publically made has been truthful although like many forward looking statements-plans don't always turn out as he hoped. I have had the please to meet/talk with Juan on several occasions and found him to be one of the most remarkable gentlemen I've ever met. Very sincere, honest business professional. He is the kind of person who will leave a good impression on anyone who meets him.

"What's got me worried is that they are going to run out of cash before they get any ore actually delivered to the LDM."

You need not worry about that. LDM Chile has access to the necessary cash to continue and even expand operations going forward at the Los Dos Maris adit/open pit. (Disclaimer: I have no finanical interest in LDM Chile.)

In addition, ore has already been stockpiled at a secure staging area off the South Road on a property controlled by a Rancher who Juan has an agreement with. Enami will be supplying 40 ton highway haulers to pick up the ore from the staging area. Since the grade is above 5 grams/tonne gold..Enami doesn't charge for shipping-nice!

It should be noted that Medinah USA will be getting a 30% cut of each smelter check(minus expenses)that is received.

It should be obvious that Perez simply tied together the enormous amount of field data that is available on the Alto De Lipangue into a big picture view using SAT data to connect the dots. Nobody had done that before. His opinion has a lot of weight..especially since using some of the same techniques..lead to the discovery of a new copper deposit which is now the Tres Valles mine owned by Vale.

Anyone who has visted the Alto will tell you that there is indeed no doubt that the property contains a World Class Deposit.

Visible mineralization is found top to bottom over hundreds of meters of relief..West to East..North to South..in all road cuts..really anywhere you look. They even found high grade ore in the ancient stone walls that criscross the property for miles and miles. The small rivers/creeks that source form the Alto all contain very significant placers that have been mined in some cases for hundreds of years.

There is one quick way for Medinah to establish credibility-and that is to receive/announce the funds for the previously completed purchase agreement on the Alto and the release of the NDA.

That is being addressed right now. Give it a few more days..and there will no longer be doubt in anyone's mind.

Objective perspective yes..but this part, "what is potential vs. clearly speculation and pumping on the part of the BOD" is erroneous.

Dozens of independent geologists who actually have reviewed all the reports, been to the actual property, visited all the targets obviously have concluded otherwise than an internet geologist studying things behind a computer screen.

However, I do like his intellegent fresh perspective even if his info that he has reviewed is dated.

Have you not read the Perez report? It reflects the most recent understand of the geology of the mountain. Your thinking seems to be about ten years behind what is already well known about the property.

The full translated version can be found here:(click on link)

insert-text-here

Also, another newer report on the property can be found here:

insert-text-here

Yes yes they have already contracted with ACA Howe going forward.

You seem mystified why the Company hasn't futher drilled the property? There is no mystery there. They have yet to secure the necessary funds although receipt of funds could/should happen in the next few days.

As confirmed by Sumotomo's geologists a few years ago..the Alto De Lipangue represents the best undeveloped mining property in Chile. Literally hundreds of geologists from various mining companies have been all over the mountain and volumes of data has been collected and development plans have already been drafted.
There is no doubt that is the most sought after property in all of Chile and perhaps S. America as well. It has only been Juan's stubborness about demanding extremely lucurative terms on any JV/Purchase agreement over the years that has stalled the project.

However, the log jam appears to have broken and show time has arrived!

Disclosure: I have been a major shareholder of this Company since they purchased the Alto De Lipangue property going back to 1998.

Just as I mentioned earlier..share price reversal short term...has now commenced. Watch for it to continue and accelerate Northward.

Your welcome...and have a nice day!

Don, thanks for clarifying that for me. I can't be everywhere at once holding shareholder's hands!

Medinah had the best undeveloped mining property in Chile even prior to the stunning recent discovery of the highest grade gold/copper skarn in the country at the new Los Dos Marias mine that has begun small scale production.

Looks like the word is finally getting out. I see a 100% reversal in the share price in the near term.

Have a nice day!

The final nail in the coffin has just be hammered into Medinah's short folks future. Congrats to all shareholders..it is only going to get more fun going forward!

Rick, that is a very nice summary that you found and reflects my current understanding of the situation as well. The rocket has been moved to the launch pad! :)

"The update also says they haven't started digging the LDM shaft." No it doesn't. There is no mention of it all in the Q&A. A simply check with Management will satisfy your curosity that indeed blasting/tunnelling has commenced as indicated in a previous Q&A although the tunnel is not finished yet like the road work and camp setup. The gold zone should be encountered in about 2 weeks.

Yes that is correct-Medinah USA will be reviewing the contract and meeting our new partners during the announced trip. However, the mining consortium will have already released the money to Medinah Chile and the NDA prior to Medinah USA arriving in Chile. Look for the annoucement about this sometime between this coming Monday through Friday. My statement above reflects the understanding of developments of myself and that of the other major shareholders of Medinah.

CS, I can assure you that the man I shook hands with at the Shareholder meeting was the same man that I shook hands with at several previous shareholder meetings..and that man was Sr. Juan Quijano.

Nice to see that big annoucement that everyone has been waiting for will be made prior to April 15..so next Monday the 9th through Friday the 13th is the time frame to put this all to bed.

"What happened to you saying the NDA would be lifted a month ago?"

The money has not been released yet-hence the NDA is still in effect. Not very difficult to figure that out.

"I don't believe there is any blasting going on at the LDM, even LP won't stretch it that far."

Confirmed that blasting is on-going at the LDM. Both Les Price and Greg Chapin indicate as much. In fact, the last Q&A stated that tunneling had commenced. Unless they are only using pick axes-blasting is implied.

"They can dangle all the carrots they want, it isn't going to help the PPS at all".

?

"And how about all this set date nonsense, when Larry Regis himself said there is no set date."

Larry Regis said no such thing. He was either misquoted or misunderstood the question.

"All this smoke and mirrors, and terms like imminent is very reminiscent of last years deal gone bad.:

This year's purchase agreement has nothing to do with last year's failed joint venture.

"Guess it's history repeating all over again. And by the way Mike, it's Ciclon, not Cyclone."

Thanks for pointing that out but it is pronounced "Cyclone" in English and that is why I used it instead of the Spanish version since most here aren't Spanish.

"The very same properties that they were not supposed to buy until the jv was finalized, and until the money lands, it is not finalized."

The purchase agreement is already completed per Scott Jenson CPA http://www.medinah-minerals.com/financials/05jensonfootnotes_28feb12.html

"Pretty dubious behavior. Now LP is saying "The deal is set " ROFLMAO I can't wait for GC's update, will give them a good excuse to run up the stock"
If you mean, "the date is set" for the big announcement then I think you are quoting him correctly.

You to as well? Yep-with the LDM project going full steam ahead and gold production in the near future, not to mention the big pending annoucement about our new partners and our money, the start-up of the 18,000 meter drill program at the Alto, the JV at the Cyclone..and the pending purchase at the Jota. What's not to like?

Jack, Medinah's President-Sr. Juan José Quijano Fernández is an expert in Chilean mining law and is well versed on exactly what permits are required to conduct mining operations at the LDM site. All required permits have been obtained. The project has begun. Photos of the operation will be provided soon along with updates on when gold ore is encountered and ultimately when gold production has commenced.

The purchase agreement is already done. As per Management-it is a "Go" and the time is already set for the release of funds and the big announcement. It is going to get rather exciting...

Rick, as per the shareholder meeting-the LDM is in a designated mining district in Chile. That area has been mined for hundreds of years. No new environmental assessment/permits were required.(They did have to get a permit to handle/store explosives on site for mining purposes as well.) The steps below(per November shareholder update) are what was required to make the project legal:

"The first order of business was to work on finalizing the formation of the Compañia Minera LDM Chile. In Chile, when parties have agreed to a contract for signature, all parties must appear before the Notario y Conservador de Minas de Santiago who then prepares, from their agreement, among parties, an illustrated contract for final signature(s) and filing with the Country of Chile. Additionally, all parties must sign and have fingerprints affixed to the documents to constitute a “final” and “legally recognized” instrument. All Compañia Minera LDM Chile documents were formally notarized. Compañia Minera LDM Chile immediately filed a request for all necessary approvals by the Chilean Government and the Chilean Ministry of Mines to conduct mining business. This process usually takes approximately 10 (ten) days. Upon the Governments' final approval, the Compañia Minera LDM Chile is then a “publicly disclosed contract document”, and it is placed into the Chilean Central Computer Registry. With the proper Chilean “RUT Numbers and DL 600 possessed” (business numbers) Compañia Minera LDM Chile can then conduct recognized and legalized mining operations in the Country of Chile. The activities of the Compañia Minera LDM Chile must be reported, on a yearly basis, to the Chilean Ministry of Mines.

Compañia Minera LDM Chile banking matters were applied for pending the receipt of a final governmental corporate number (similar to a United States EIN tax code number) that should be opened at or near November 25, 2011.

In anticipation of Compañia Minera LDM Chile approvals, meetings were then conducted with two mining contractors to discuss the cost and preparation matters necessary to immediately start work to sink a shaft and drift an adit at the Las dos Marias property. Various rule changes in the Country of Chile were discussed. Due to the devastating February 2010 Earthquake and the newsworthy 33 rescued miners issues, President Sebastián Piñera initiated various Safety and Environmental mandates to protect Chilean miners. Each mining contractor was admonished that doing business at the Las dos Marias mining project would require them to fully adhere to these new rules and all other Chilean Ministry of Mines legal requirements. Each party laid out feasibility plans to begin work in the next 30-45 days. One party was deemed to have superiority in terms of equipment, knowledgeable work force, and expertise to accomplish the required work requested. Necessary contractual documents are being prepared for “outlined work requirements” among the parties. Upon final approval and Compañia Minera LDM Chile banking account opening, payment of fees will be applied and work will commence at the Las dos Marias site. Medinah Minerals, Inc. (USA) has contracted with an independent supervising geologist so as to receive monthly reports on Compañia Minera LDM Chile activities. Information as to start-up and on-site activities will be forthcoming as they occur."

You can all read about Paul Jones's background and decide for yourself about his qualifications for his LDM project proposal here:

The Pursuit and Capture of Hidden Treasure by Paul Jones

Mining Engineer & Professonal Geologist

His book is available for sale on Amazon.