Medinah Minerals (MDMN)

[paddydaddy]

American Medinah Gold is the 100% owner of the Jota claim of which MDMN N.A. is a 20% owner. I would imagine that JJ has worked out a NSR for the Jota as he did with the LDM and ADL. The property is huge and there is little to no chance that the Hoffman boys could mine the entire property themselves. The announcement yesterday mentioned a possible JV which I believe will be the Hoffman crew doing the work and AMG/MDMN collecting the NSR. The Discovery Channel may have paid AMG an initial fee for the rights to a portion of the property, say one or two of the Jota placer claims to start with then possibly a first right of refusal if the Hoffman crew hits it big and wants to expand.

There has been extensive drilling on the Jota so you can bet that the target has been selected already. You don't fly a huge tv crew and a huge mining crew 7000 miles south to come up with nothing. Also it is rumored that Alluvia will be showcasing their new AuVert recovery system which will give Todd redemption after this seasons trammel debacle.

Obviously this is my opinion which I am not afraid to say is just an opinion and I am not stating it as fact. We will just have to wait and see but it can no longer be denied that there is a JJ/MDMN/Discovery connection.