Medinah Minerals (MDMN)

[jackrix]

ernomad...


$1.5 million.


That would be enough to do some intensive magnetic surveys to identify other breccias (as called for in the ACA Howe analysis)


It would also give them enough to drill at least 2 deep holes (600-1000) meters or even more if the cores were still in mineralization or the downhole I.P.s indicated something. That would probably make or break the whole porphyry concept.


Then they'd still have enough to drill 30 or so 300-400 meter holes to identify and quantify other breccia pipes.


I was gonna say $1.2 million, but then I remembered how the USD has been tanking against all the world's currencies in the last few years, so I bumped it up to $1.5 million.


The guys at ACA Howe analysized Medinah's Lipangue drilling and their main recommendation was for Medinah to just look for other Breccias (check Medinah's website for those reports, if they're still there). ACA Howe never even recommended deep drilling that I know of and those guys are considered some of the best.


SO....I guess you'll have to decide between Mr. Mike and his "Porphry is a SURE thing" spiel or the opinion of ACA Howe which is one of the most respected mining consulting firms in the world.