Medinah Minerals (MDMN)

[momentumtrader]

Cerro Dorado very under valued to Medinah Minerals

Medinah has 659,720,090 shares oustanding
Market cap of Medinah at .029 cents is 19,131,882 dollars

Cerro Dorado has 194,391,506 shares outstanding
Market cap of Cerro Dorado at .04 is 7,775,560 dollars

Medinah has approximately 28% of the land holdings in Chile
Cero Dorado has 22% of the land holdings in Chile.

That means Medinah has 23% more in land holdings overall.

With that said if you take Medinah Minerals land holdings and times by .77 you should get the proper market cap if they were trading in parity on this current joint venture in Chile based on Medinah's current Market cap.

Cerro Dorado's market cap shoud be 14,731,549 dollars
That means we should be at 8 cents if these 2 trade in parity.

I know Medinah has a side project. I am not sure what value that has currently to company. I assume it is small compared to the joint venture we hope to get in Chile.

Medinah definately has a tighter spread and more liquidity.
Once we finalize the deal it won't matter anymore.

Medinah has many more common shareholders. I remembering hearing numbers of 6,000 plus shareholders. Cero Dorado from my understanding has less then 500 if I remember it right. I personally believe with the smaller float and tighter hands the upside will be just as goood if not better for Cerro on any announcement.