Medinah Minerals (MDMN)

[RD759]

No Major would be interested at this stage; there is no measured/indicated resource for them to develop an extraction model on. They want big tonnages and grades defined before they would commit themselves. The grades you've quoted are unverified averages, that could just as easily have been plucked out of thin air. When you have the full list of grades (backed up with an ISO accredited lab results sheet), an explanation of the geology/mineralisation and the whole thing signed off by a designated QP P.Geo or equivalent, then you'll have information that can be trusted and something to work with. Amarant's outline of their exploration strategy is the way forward, but until the results come in it's best to treat this as a blank canvas that could go either way.