Replies to post #67180 on Medinah Minerals (MDMN)

[Goldstrike]

We'll all feel a little more secure once there is some idea of the size and grade of the underlying porphyry. The Preliminary Economic Assessment will also help by letting us know what part of this deposit is economic to mine.

[Toxic Avenger]

If you really look at the report, it's clear it's disappointing.
http://aurynmining.com/third-gordon-breccia-drill-hole-expands-zone-to-the-east-fourth-hole-intersects-high-grade-vein-in-hanging-wall-of-breccia-zone/#more-421

The small areas of potential value are hundreds of meters down and except for a 1 meter size, out of over 400 meters of drilling, not great.

Then reading about the fault lines and the difficulty drilling the area it becomes clear the extraction is going to be an expensive and time-consuming effort.

The company is already valued at over $65 million, which assume Aruyn will buy the claim, which is far from certain (or likely, IMHO).

And why is JJ gone from the company's BOD and executive offices? His departure, after converting his 350 million or so common shares, makes me wonder how much of his holdings he has and intends to sell. And considering the value of those shares is roughly half of the conversion price, that's notable.

The information we're not being told about insider transactions selling shares provides strong evidence to me of what's really taking place, why the stock continues to fall and why it's likely to get worse.