Medinah Minerals (MDMN)

[Zhenli]

I agree with your findings. From what I can find the taxes on about 15% of the Alto claims were not paid before the April 10th judicial tax sale. Thankfully the taxes for two years were paid on the Caren and Las dos Marias. But as you said the March 31st 2018 taxes have not been paid. Unless the taxes are paid on or before the extension of time expire, they will be lost. At the first auction about 15% of the claims were not salvaged and were lost unless Auryn made some arrangement with the court. So the assets of Cerro, a public company have been substantially reduced by Auryn’s failure to pay the taxes.

What I would like to ask, since the Alto consisted of over 10,500 hectares of mining claims, and since Auryn sold the Alto to Cerro for 6,650,000,000 common shares of Cerro, and since the assets have now been significantly diminished, should Auryn be required to return some of the Cerro shares back to their treasury?

Just how honest will Maurizio be with shareholders when the next filings are released? Will he tell shareholders exactly how many claims of the Alto have been lost to the tax sale and just how many claims remain of the Alto? When will the sales contract for the sale of the Alto to Cerro be released