Medinah Minerals (MDMN)

[paddydaddy]

WOW, that is about the most ambiguous post I have read in days.

Auryn is contractually obligated to prove up the property... probably have to spend X amount of money and achieve X amount of drilling/proving up etc... to remain in contract... otherwise they lose all they've spent and have no rights what so ever to the property

So let me get this straight. They are contractually obligated but if they don't then they own nothing and lose all the cash they have already spent?

So in a sense they aren't contractually obligated to do diddly. And given the fact that JJ and his minions couldn't negotiate their way out of a wet paper bag the assumption could be made that there is also no penalty for not proving up the property.

Maybe it will, maybe it won't. It's always been 50/50 with Medinah.