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Re: superdow post# 76698

Monday, 12/05/2016 2:40:38 PM

Monday, December 05, 2016 2:40:38 PM

Post# of 80983
Here is what Auryn told shareholders:

We will not make our goal of producing 5,000 ounces in 2016, however, we do expect to be cash flow positive by year-end. We will provide a more detailed update with the results from our test shipments once they are available and will inform our shareholders when we achieve consistent production.



I'd expect some sort of update if they are cash flow positive. Included in that, I'd expect results that indicate that the ADL is economical to mine. If it isn't, I can't see MDMN being solvent for much longer. Why would Auryn keep them around? If the one property that MDMN contributed to their portfolio is a bust, there is no reason to keep them around.

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