Medinah Minerals (MDMN)

[Hurricane_Rick]

The notion that things were great for MDMN when mining was strong, and now that it's crashing, they're even better, doesn't make a lot of sense

No it doesn't...nor did anyone say or imply that.

However, given its low elevation and proximity to infrastructure and resources, Medinah's Alto de Lipangue property holds strategic advantages over other more distant mining projects in Chile (e.g. Barrick's Pascua-Lama, Exeter's Caspiche, etc.) that are subject to far greater Capex requirements. When PM prices are lower, miners are far more concerned with the extraction cost per ounce and it makes more fiscal sense to table projects rather than develop properties at a loss. Projects that have or potentially have the lowest extraction cost per ounce will be in greater favor than those where the profits are minimal.