Medinah Minerals (MDMN)

[Medinaminer]

Amarant has acquired several concessions globally particularly in North and South America and Africa with a goal to acquire, and operate 31 production lines globally within the coming 5 years after full funding.

The goal is to build a manufacturing operation that produces 750,000 ounces of gold and platinum annually in the coming few years.
Goal for 2012 is combined of approx. 75,000 ounces according to reliable mining strategy firm estimates.

At current estimates, going forward, assuming an average price of gold of $1,500 p/oz. the total income would amount to $1.125B annually with no contribution from Alto or LDM.

Of the numbers above, What is the percentage attributed to Chile/ALTO is yet to be seen. The above estimates could be increased as the Alto deal is added to their portfolio as I don't believe the Alto acquisition is included above.

This will get interesting in the next 12 months as Amarant proves up Alto and Medinah proves up LDM. Pay day is out there a ways, but that's ok.