Medinah Minerals (MDMN)

[Medinaminer]

Ideally, revenues and grades from shipments of extracted ore will be the determinant of the profit potential from the high grade zone and not the assays from within the winze.

Rick,

The company has previously announced ore being shipped, with no results to date. The announced ore that was shipped was also of high grade. The supposed shipments of ore were similarly heralded prior to the announcements of ore to be shipped. Logically speaking, after all, why would a miner knowingly send low grade ore, when knowing the results of smelting the same may not even pay for the labor and freight costs. But then, there seems to be no real method to this operation, excepting, if credible, the update wherein they assign specific dollar costs to the various costs associated to infrastructure work in progress or completed on the roads, shafts etc.

RD759 has laid out what is an industry accepted method of grading the rocks, obtaining assay samples. This from a professional who, has no ax to grind.

I am a bit surprised you would take him on in your previous post. Anyone, just by luck, can run into a huge nugget of gold, while taking a short walk on the ADL plateau, because after all that mountain has historically been a producer of gold. But to be consistent and provide credible assays from a more representative sampling and industry wide acceptable methods for large scale mining is consistently lacking within these reports by Medinah.

IMHO, this is done either due to a child like enthusiastic behavior, who can't wait for a professional to poke around and do it right, or done intentionally to hype what may not be quite there by way of an economically viable mining operation. The jury is out.

What is totally unacceptable is the lengths to which the BOD have gone to attempt to convince shareholders that they are working as hard as possible to bring value to us. That is so far proven false. As this professional evaluation of the properties could have and should have been done long ago, not just now.