Medinah Minerals (MDMN)

[Medinaminer]

In January 2011, MDMN agreed to and announced a purchase contract for the ADL properties. At the time, MDMN only owned a 49% stake in the properties. There was no work done on LDM other than Gordon’s drill program from many years ago. Nobody knew what the glory hole actually contained or that there was a large amount of copper on the properties.

As I recall, when the Amarant jv announcement was made, Medinah released the the estimated amounts of copper, gold and silver both in estimated dollar and weight numbers. Copper, as I recall had the largest dollar number assigned, then gold and silver third.

I don't recall the exact dollar amounts, but in the aggregate, the sum of all three deposits, based on Medinah's announcement was in the multi billions, perhaps north of $3B. Or am I mistaking Dr. DeCosta's estimated numbers. Not sure now.

Help me out someone. Anyone have a copy of the announcement?