Medinah Minerals (MDMN)

[Beth0515]

In 4+ years I have yet to see one post on this board that attempts to refute what the Doc has to say from a technical standpoint. I venture a guess that it's because no one on this board save RD759 has the KNOWLEDGE that the Doc has.

I truly believe you feel that way, but unfortunately, your belief holds zero water for me. DeCosta has nothing but praise for MDMN and has always had next to nothing approaching critical analysis for a company that has stumbled around for nearly two decades. DeCosta believed in the Swedish Sensation until the 11th hour. He says things that long, desperate stockholders are dying to hear.

Unless one has actual experience and detailed knowledge about the industry, it is IMPOSSIBLE to qualify the knowledge DeCosta supposedly possesses. RD759 is the only poster in here who has experience and working knowledge of such things (and this came from real life, not google or reading books) and I know he is very skeptical about many of of DeCosta's claims and "analyses". Why is it that the only mining interest DeCosta seems to have is Medinah? What examples do we have of his supposed expertise in companies that actually succeeded? You do understand there is a difference from reading books and computer screens and actually WORKING a job, do you not?

I have no paid professional experience as a back country ski guide but I'll put my knowledge and experience up against any paid guide.

My hat is off to you, sir! I've heli-skied, toured, and been on hut trips with Level 3 Canadian ski guides (and a couple bad dudes from Haines) and have been uniformly impressed by their knowledge, risk assessment methodology, and general ski/mountaineering ability. Since you have first hand knowledge of backcountry skiing and avi danger, you are undoubtedly aware that "group dynamics" are usually to blame when poor decisions turn into human tragedies. I think that concept can be successfully extrapolated to stock message boards, when critical and objective thought often fails and an "us against them" mindset prevails.

All I know is that he has educated me personally to a degree that I feel comfortable with this investment and the potential outcome.

I don't think it is possible for a rational investor to feel comfortable with Medinah. There is no transparency, what we don't know is FAR greater than what we know, and the general level of competence of our BOD leaves much to be desired. Optimistic, sure, I can buy off on that, but comfortable, no, I think that is just pushing it...

You didn't answer my questions about DeCosta, but I'll answer yours-

1) What specific knowledge of the jr. mining sector do you have?
Zero working/specific knowledge

2) What specific knowledge of geology do you have?
Experience in steam and metallurgical coal mining. Analysis and consultation involving royalties, permitting, wheelage, and other lease issues. My first "business income" accrued at age 13 when I sold price analysis software I wrote on an ancient HP to a small mining company.

3) What specific knowledge of mining in Chile do you have?
None

4) What specific extraction education do you have?
I own and have studied the industry bible, "Taxation of Mining Operations" (Maxfield and Houghton, in conj. with Ernst & Young), to better grasp the business environment of North American mining