Medinah Minerals (MDMN)

[Zhenli]

Chile expects sharp increase in mine investment over 10 years!
SANTIAGO, Aug 7 (Reuters) - Mining companies are planning to invest about $65 billion in Chile over the next 10 years, almost one-third more than previously estimated, the government of the world’s top copper producer said on Monday.

Copper, which is largely the motor of Chile’s economy, has experienced a price rally in the last several months, due to solid demand in China, a key export market, and tightened supply amid major work stoppages.

Chile's Cochilco boosts copper forecast to near $3 per pound in 2018
Reuters | Oct. 18, 2017, 9:08 AM

Chile state copper commission Cochilco forecasted on Wednesday an average global copper price of $2.95 per pound in 2018, a sharp upward revision from its mid-year estimate of $2.68, due to greater demand in China, a key market.

For every one cent increase in the average annual price of copper, Chilean exports grow nearly $125 million and tax revenues increase by $60 million, according to official estimates.
This is good news for us as Medinah shareholders. Hopefully, our percentage of Auryn will not be further diluted.

Mining.com Oct. 11, 2017, 12:38 PM
Ian Telfer is chairman of Goldcorp Inc in an interview also confirmed that production from gold mines would decrease significantly in the next ten years.
Major companies are shrinking and the amount of gold is declining. Telfer says.”which of course, will lead to a significant impact on the price of gold”.
Of course, again, this is good news for Medinah shareholders. No wonder Maurizio wanted to get his hands on the ADL which is one of last major deposits of gold in the world.