Medinah Minerals (MDMN)

[Medinaminer]

Look, let's get rational here. Why has it been way too cheap for too long?

With a billion shares outstanding, say at $0.25, the company has a valuation of approximately $250M, give or take a few Yankee Dollars or several million Chilean Pesos.

So even if Medinah were successful at mining, smelting and finally bringing to market product, let's ask the question: At what cost?

Even if the currently available numbers are accurate, what is the cost of extracting the metals?

The jury is out on this too. I just wish statements on valuations were delivered to us by experts in the field after they have performed their utmost due diligence, and less of this "cheap" talk. And even then, there is no guarantee of accuracy, until fully verified with actual operations and attendant thereto market conditions when the product comes to market.

Let's just cool our jets and wait out this phase of Medinah's sordid history.