Replies to post #14577 on Medinah Minerals (MDMN)

[DonD]

Posted by: wmo767 Date: Thursday, April 01, 2010 5:49:47 PM
In reply to: None Post # of 14577

There are several posts over on Mining Play that I think everyone who owns this stock ought to think about as they pertain to a buyout of our position in this JVA, whoever that JVA may be with.

And when you read those post remember this.....THEY ARE ALL WRONG!

Mike has decided that he would be happy with just $1.00 per share. And he is quite correct that 50 x's our initial investment would be a great return.

But and here's the BIG but, look at the size of the mine that they have pictured over on Mining Play. Or better yet go on line and google Kinnecott copper mine south of Salt Lake. And then remember that those mines are less than 40% the size of the property that Medinah and Cerro and Juan own.

Is there mineralization throughout the entire Alto? I don't know and neither does anyone else for sure. And does it go all the way down to sea level. I got no idea.

But if you just do the math there is over 296 billion metric tons of dirt on the Alto. If just 1% is mineralized that still equals 2.96 billion metric tons of dirt. Now the question is....How much is a mineralized metric ton of dirt worth? Obviously it depend on how much gold, silver, copper and moly can be found in each ton. Even if the total is just $100/metric ton you're talking $296,000,000,000. Yes that's billions. Over the life of the mine.

So we get 15% of that (I have heard a rumor that our percentage is now up to 20%), that's 45 billion dollars of which 40 -45% belongs to Medinah. Juan gets 15 Billion (his cut is 33 %), Medinah gets 19 billion and Cerro gets the rest.

Our share is roughly $30/share. Mining stocks trade at 6 itmes value.....no I won't even go there. But my point is that I would hope when we all start thinking about selling out we take a much harder look at how much we are willing to sell for.

Oh and for those of you who wish to check my math I used 120#'s per cubic foot of dirt, a normal cubic foot is 99#'s and I figured quartz, copper and all that other stuff 120#'s per cubic foot was fair. I also used the Alto at an average of 5000 feet. Of course it could be less but since I only took 1% of the total I have to believe it averaged out.

[geoly31]

ask them to close the deal and drill we would know better. LOL JK its all pie in the sky numbers til the deal is signed!

[TradinOnUp]

Great ?, companies over the years with much smaller properties and much lower hole tested minerals, that are now in full production are trading in the $15-$20 range and bringing in substantial sums of usually one, maybe two minerals, usually gold and copper. I am unaware of any that appear loaded with gold copper, silver and moly.

I believe that when this damn thing gets past the JV Part and moves into Mining Phase,this monstrous sized property is loaded with multiple minerals, as you probalby already know. Several years ago when they were trying to get a JV with Sumitomo Mining, their people stated that it is one of the richest mineralized properties in S America. I think those minerals are still there. The difference is over the past few years, JJ has acquired many neighboring properties which has grown the Alto to approx 64 sq miles.

The names of a couple were posted on MP quite some time ago, I actually tried looking for them a month or so ago but never finished. If anyone remembers who posted the names of those companies, that would be helpful for many to understand the potential once production begins.

IMHO, patience is the key here as the mgmt team is small and the JV Project is daunting, however they are moving at light speed at this juncture. My advice is beg borrow and steal all you can to acquire shares ASAP. This is a share volume play more than a SP Play.

Good Luck