Medinah Minerals (MDMN)

[superdow]

Nothing about the Polo agreement makes sense,consider;

Normally, when JJ does these deals he just wants the upfront money, be it 100K or 200K. The "partner" then announces the deal to promote its stock even though it has no intention of drilling. When the partner defaults the mineral rights return to jj and he can start the process over again.

In the case of POLO, HOWEVER, the "partner" is unknown, other than its name. The company apparantly refuses to discuss this problematic point. Accordingly we can say that The partner is not promoting the deal...now consider that the partner is only putting up $3 million for an 85 percent interest and only 1 cent per pound for any copper discovered (1 cent a pound is essentially nothing when you consider that copper is selling for over 400 cents per pound currently).

I think that the silent partner must be controlled by JJ and possibly MDMN . He and MDMN can afford to finance the drilling given the current price of Mdmn. IT would make no sense to give up an 85% interest in a good property for a measly $3 million (drilling) and 1 cent per pound of the $4+ per pound value of the copper IF the lipangue deal is actually going to go through and give MDMN and JJ the clear ability to finance the drilling on the POLO at some point in the future.

INterestingly there does not appear to be anything int the public record concerning the results of any exploration done on the property (ie., why it merits a 3 million drilling program).