Medinah Minerals (MDMN)

[easymillion]

The value of the ADL is Huge!
The deal will be funded.
As longs await the formal ADL announcement, the LDM will provide an indication of what awaits in the adjoining porphyry deposits of the ALTO. Open pit mining for gold of only 1 gm /ton, or less, is very profitable.

In the past two decades, low-grade disseminated gold deposits have become increasingly important. More than 75 such deposits have been found in the Western States, mostly in Nevada. The first major producer of this type was the Carlin deposit, which was discovered in 1962 and started production in 1965. Since then many more deposits have been discovered in the vicinity of Carlin, and the Carlin area now comprises a major mining district with seven operating open pits producing more than 1,500,000 troy ounces of gold per year.

About 15 percent of the gold produced in the United States has come from mining other metallic ores. Where base metals- -such as copper, lead, and zinc--are deposited, either in veins or as scattered mineral grains, minor amounts of gold are commonly deposited with them. Deposits of this type are mined for the predominant metals, but the gold is also recovered as a byproduct during processing of the ore. Most byproduct gold has come from porphyry deposits, which are so large that even though they contain only a small amount of gold per ton of ore, so much rock is mined that a substantial amount of gold is recovered. The largest single source of byproduct gold in the United States is the porphyry deposit at Bingham Canyon, Utah, which has produced about 18 million troy ounces of gold since 1906.

from: http://www.scienceviews.com/geology/gold.html

As most longs already know, the major open pit mining of the ALTO will be for CU, but AU will be a major by-product. The mining area of the ALTO comprises approximately 50 square miles. Do the math ... the drilling cores currently indicating a mined valued in excess of $2 billion are only about 1% of one of the identified porphyry deposits.
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
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