Medinah Minerals (MDMN)

[jetpilot1101]

When a company without deep pockets signs a contract with a producing mining company, the primary purpose is to have the JV partner fund the drilling and be responsible for turning potential reserves into Proven Reserves on the claims.

MDMN has nothing close to the legal definition of "reserves". To continue to throw that term around is misleading. If you speak to a mining expert at the SEC, they take the casual use of this term quite seriously.

http://www.sec.gov/about/forms/industryguides.pdf (see page 34)

Bottom line : MDMN must prove to a potential partner that it is worth the investment of millions of dollars and years of work before any partner will sign on the dotted line. If the reports that continue to be cited were evidence of a bonanza, majors would have been jumping all over MDMN years ago. But they weren't and I don't believe it had anything to do with JJ getting his poo in one sock and amalgamating all the claims under one umbrella. I'd venture to guess that any major would have gladly put an army of lawyers and experts at Don's disposal in order secure a deal for a "world class deposit". Instead, we get mystery companies, Amarant, Ulander and some vague references to the Chinese. I'm really looking forward to finding out who MDMN has partnered with next. I say bring back Todd Hoffman!