InvestorsHub Logo
Followers 15
Posts 1236
Boards Moderated 0
Alias Born 03/25/2013

Re: BigBaboon post# 71407

Friday, 10/02/2015 11:30:29 PM

Friday, October 02, 2015 11:30:29 PM

Post# of 80983

So in your worst case scenario... you say MDMN is a 3 bagger from here going for .06... like I said a 3 to 15 bagger as I see it...

Oh, God no. Worst case is this pig is de-listed and proves worthless.

Auryn is contractually obligated to prove up the property

That is certain misleading. "Prove up" is not a geological term. It means nothing. AURYN has committed to certain capital outflows and other mysterious production requirements, most of which have likely been already achieved, but I'd love to see contractual detail support a shred of what you are saying.

In fact as of today they own zero of the property and have already spent millions... they need to exercise their purchase option to have any ownership... or tender an offer that will be excepted...

Assuming you actually mean "accepted" then we are in agreement.

Oh yeah... and the 15% will definitely have value placed upon it and must be purchased in any tender offer...

Sorry, but that defies logic and basic business sense. Repeating it does not make it true. The 15% is irrelevant in a TO as it ceases to exist. The ONLY relevant factor is the lowest number AURYN believes allows it to achieve its goals.