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Monday, September 16, 2013 10:01:35 AM
Point of clarification...while the company was incorporated in 1989 (as Medinah Energy) keep in mind that the company didn't acquire any notable assets until 1997 as far as I know from the public record. More importantly, they didn't acquire their interest in Alto de Lipangue until 1998. The previous incarnation of Medinah and all of its properties was spun off as Medinah Gold and Medinah Energy changed to Medinah Minerals, retaining their interest in Alto de Lipangue and Las Dos Marias. That is essentially the time when Medinah Minerals as shareholders now know it came to be.
Also keep in mind that the ADL property wasn't proven up as a potentially monetizable asset until drilling in 2000-2001. Most shareholders don't even know (or care) what the company was doing prior to that time period as most, if not all, MDMN shareholders are invested here solely for the company's interest in Alto de Lipangue.
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