Medinah Minerals (MDMN)

[Minichiello]

Rick,

My understanding is the Carin is a placer gold property and that there are too many large boulders located on the claims. These boulders are dead rock (no value), cost a great deal of money to move out of the way during mining and because of this cost therefore render the property non-profitable (With this property so close to Santiago, if it's any good why hasn't it already been mined during the past 100 years?). Les Price got conned into owning these crap claims by Quijano and Price in turn suckered Sciedad Contracual Minera Manatos Azules SCM into buying a 75% interest from him.

If Azules is going to use the property for a mill site or tailings storage for a Lipangue mine that's one thing but if they're looking to mine it for profit, I suspect profit will never come.