Medinah Minerals (MDMN)

[Goldstrike]

Gold below 1000 is not going to be worth to mine

"
RBC Capital Markets estimates the average all-in costs for North American gold producers at about $1,200 an ounce"

“Below $1,300 gold, about 30 to 40 percent of mine production is probably not cash-flow positive”

-www.bloomberg.com/news/articles/2013-04-16/gold-miners-approaching-1-300-pain-threshold

Conjecture is that with higher cost production shutting down in the face of lower commodity prices, gold will find a floor, perhaps in the 800's.

I would like to add that with lower cost early production opportunities focused on the near surface high-grade deposits present on the "saddle" of the ADL, i.e LDM and Caren sites, there is a unique opportunity to monetize a portion of these claims in the short term.