Medinah Minerals (MDMN)

[Medinaminer]

Rick,

$100M does not do a whole lot when spread over 1.3B (approx)shares. One might understandably argue that at the current share price, distribution of the entire $100M as cash dividend will more than double the investment. On that rationale, on the face of it, it would make for a great story, were it not for the fact that many shareholders are in this stock with average prices of near or north of $0.10 and have been waiting for payday for some time, some for a decade or more.

I think before the BOD decides on a cash dividend, they should hire a consultant to study the best options and not burn through that chunk. The decision should not be made by this BOD in the usual and customary Medinah fashion. We needs good heads to see what our options are to enhance shareholder value.

Auryn will buy out MDMN prior to paying the $100 million option.

Please give me a WAG of what your number might be.

TIA