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Re: RD759 post# 60852

Wednesday, 01/01/2014 10:59:22 PM

Wednesday, January 01, 2014 10:59:22 PM

Post# of 80983
Thank you for the intelligent responses. Being an absolute novice in regards to mining I am confused as to why anyone, especially a reputable mid tier mining company, would spend a dime on the ADL without having significantly more information. Am I missing something? Would mining at the LDM give them adequate information? The reported copper assays are very good.

Also. Would you please respond to this comment posted by Hurricane Rick?

As explained by the company, "(The Perez) report is truly a “Summary” report compiled after an exhaustive review of all of the information gathered to date which was then overlain with recent satellite imagery reports that successfully coalesced all of the prior information into the model utilized by nearly all of the major mining suitors involved in negotiations i.e. that of the existence of two “Classic Sillitoe type” porphyry systems. Sr. Sepulveda Perez was retained by 2 of the top 5 major mining firms in the world to perform this research and file this summary report.)"

Perez, like the other geological professionals (other than Gordon House) that have reported on the Alto de Lipangue property, was contracted by the company for his analysis as a professional 3rd party. This isn't like Joe Schmo walking off the streets hired by the company to rubber stamp the concept of a multi-porphyry deposit on behalf of the company. In fact, he wasn't even hired by Medinah, he was retained by Vale (he had been contracted by Vale previously for analysis on their Tres Valles deposit in Northern Chile) and BHP Billiton to provide analysis on Alto de Lipangue.