Medinah Minerals (MDMN)

[Medinaminer]

Abz, nothing has been sunk yet. Well, let's be transparent. In the aggregate, we have all sunk quite a lot this stock. But that's a discussion for another day.

For now, we don't know exactly what has been sunk by AURYN in coming to this determination to option this venture and we may never know. So as I read the update, the initial expense will be in the $3M range with the total for this exploration phase pegged at $10M. The total exploration cost could possibly be more or less, depending on their findings.

I imagine if the results are not encouraging, AURYN has the right to stop and pull their men and equipment off the mountain and head back to Peru. In my opinion, I don't think that is a high probability. But that's my opinion. You can take my opinion plus ten Chilean Pesos and that may not get you a bottle of Perrier in Santiago.

I appreciate your enthusiasm, but let's curb our expectations and wait for something to cheer about. Yes, these last few weeks, months and the past year have been rather favorable both for the Medinah's move forward and finally, after the sp tanked, recent turn around. But we are not out of the woods, yet. That said, INMHO this is the best time to throw money at this stock as one who does, is betting with the masters, the Letts et al.

I would love to see what RD759 has to say about the latest shareholder update. I hope he does offer his comments as I have requested.