RD759-You Are Generous Giving Such a Detailed Answer
Having followed this board for some time you must know this question has been answered here many times before.
While your post is quite professionally written, it has little relevance.
As Wikipedia says, "The publication of a complex technical report with all the inherent jargon, technical wording and abstract geological, metallurgical and economic information may not actually significantly advantage an investor who is not able to fully nor properly understand the content or importance of this information. In this way the NI 43-101 may not serve the interests of those it is designed to protect— the retail investors who may easily misinterpret such information."
If you wanted to maximize profits your post is 100% on target for any major mining operation. As anyone following this project for any length of time knows, JJ has operated on a "shoestring budget" for years. This project (the ADL) is being 85% sold off for a maximum cash upfront return of only 0.2% of potential mining mineral worth at today's prices, and a retained 7 1/2% return of the mining profit itself to MDMN US. It is the size of this project that makes this $500 million maximum upfront payment + a 7 1/2% retained interest valuable to shareholders and will make the pps going forward bloom. See HR's post #48016 to see what direction this company will be taking with the $7 million drill program and your post may become more relevant sometime in the future.
The $2.2 billion valuation placed on the old drill cores, if accurate, would place final mineral valuation on just one of the two poryphry formations at between $130-220 billion in mineral wealth (or somewhere between $9-15 billion retained interest to MDMN US) for just the one poryphry. Risk yes, but definite potential also. It's the old risk vs reward you fail to appreciate in your analysis. Medinah Minerals is not your conventional pink sheet junior exploration mining company. This company has managed to survive the past 15 years, while consolidating it's mining claims into a desirable mineable property, finally (unlike earlier years) suitable for open pit operations on a very large scale. I hope you continue to follow this board for a while longer. Perhaps investing in pink sheet companies is not your true forte.
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