Medinah Minerals (MDMN)

[easymillion]

BillyJack-You Got That Right!
Longs are celebrating tonight, and will continue for many years to come!
PRs from the major will drive this home - count on it - and here is the kicker:

At the conclusion of the development program, the gross metal values will be recalculated and, if this value exceeds the present base calculations of Two (2) billion dollars, the purchase price will be increased to the benefit of Medinah Minerals (Chile) S.A. owners. The goal of the purchasers is to prove up substantial ore tonnages beyond base amounts derived in all previous explorations.

Longs know what that means ... for any newbies wondering:
Will the Alto mining district be profitable?
Definitely PROFITABLE!

Copper occurs in many forms, and in a variety of geological settings. There are various factors to consider in determining the value of a copper deposit. Historically, the most profitable mines have been large scale porphyry deposits, with chalcopyrite mineralization extracted via open-pit mining.

and...

One of the largest copper mines in the world is the Escondida mine in Chile. Escondida means “hidden” in Spanish, and the deposit was given the name because there are no outcrops; in fact the main orebody is hidden below hundreds of meters of overburden. Copper production figures change rapidly, but in 2007 Escondida was the highest producing copper mine in the world. In 2007, the mine produced 1.483 million tonnes of copper worth US$10.12 billion.

and...

Mining Costs
The largest, most profitable copper mines have been open pit mines. Of particular importance, in an open pit mine is a resource that is relatively close to the surface.

and...

In conclusion, a world class deposit is one in which the value of the copper reserve far exceeds the cost of mining and refining. To date, some of the biggest copper finds have been the Kennecott Copper Mine, a large scale porphyry deposit, Escondida, and the Chuquicamata copper porphyry complex.

source (bolding mine):
http://copperinvestingnews.com/what-makes-a-world-class-copper-deposit/
No worries D--n! lol

If You're in ... You're In
Invested in the Mountain…
And that’s what counts!
Easy