Replies to post #31178 on Medinah Minerals (MDMN)

[arpj1944]

Sorry Jack..., But that is not what the Discosta report on the Medinah site states. I will put my trust in the Doc and his report as opposed to what you have claimed without any proof what so ever. The Doc is a class act and a very intelligent man. Tomorrow is another day.

[Mike Gold]

"Odds are about 99% that these properties aren't economic."

You think so? I would put the odds at 100% that they are economical. In fact, I am betting a very large sum of the money that they are.

Just about every single geologist(and there is has been a parade of them including some of the top experts in the World) who have been on the Alto De Lipangue believes that it contains an economically viable deposit of gold, silver, copper and moly.(Many think it is of World Class size.)

Even the Chilean Copper Commission thinks so or why would they bother to list a company than owns a property that is worthless?
Why would Enami & Codelco be involved as they are with all the companies on the list?

http://www.cochilco.cl/english/sitios_interes/empresas_min.asp

The economics of the property are likely one of the best of any porphyry style deposit in Chile.

In any case, the only opinion that matters is Medinah's new JV partners. They are expending a LOT of money to prove it.

[Mike Gold]

"All this stuff about copper and moly is just something that was made up out of "thin air"."

You think so? Who really is making up stuff out of "thin air"?

If you like, you can see video of the copper at the end of this video taken by a shareholder:

http://www.youtube.com/user/Medinahshareholders#p/a/u/0/W-UAFP2QF5U

You could refer to the Gordon House resources estimate of a minimum of 180 million pounds of it in just the Gordon Breccia.

You could note that the copper/moly mines are real-you can see it on these aerial photos if you like:

http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=lampa,+chile&aq=&sll=37.0625,-95.677068&sspn=37.188995,67.412109&ie=UTF8&hq=&hnear=Lampa,+Chile&ll=-33.324146,-70.898101&spn=0.009592,0.024633&t=h&z=16

You could look up information on the Carrizo copper-moly mine that was owned by Codelco and now owned by shareholders? (Try a google search.)

You could note that in the Perez report-that there are a dozen intrusives running in a northeasterly to southwesterly direction south of the plateau at surface for 7 Km in length and 900 meters wide. They are highly mineralized with copper and moly.

You could refer to one of Terrance's reports found here that indicated that adit samples in the Cerro breccia exceeded 1% Copper?:

http://www.cerrodorado.com/SUMMARY%20GEOLOGICAL%20EVALUATION%20AND%20EXPLORATION%20REPORT.doc

Do I really need to go on?

[Mike Gold]

"They drilled this property in 1998. Nobody was excited about it then and nobody is excited about it now."

You think so? I was excited enough that I've been a shareholder since then. Hundreds/Thousands of other people have thought the same. Dozens of Major mining companies have spent countless dollars and effort going over the property and trying to JV the property with Juan.

"Nobody"..only really seems to include you?

[Mike Gold]

"The idea that there are MORE pipes is just theoretical and even if there ARE more pipes they might not be as good as this one."

You think so? What about Cerro's breccia pipe?

You can see a picture of here if you like?

http://www.medinah-minerals.com/images/gallery/breccia-outcrop-1500m.jpg

It it a breccia pipe and it has been tested and found to contain high levels of copper. Fact.

I suppose you can argue that pipe isn't on Medinah's property..but that doesn't fly either since it is well known that all the properties will be placed into a single holding company.

[Karl43]

I guess the partner's do not agree with you, otherwise they would not have signed a JV, made a non-refundable deposit or initiated a tranche payment.

[Krakatoa_Dean]

great post Jackrix


you obviously hit a vein. Let's see what Les's friends have to say about the bank holdup today. I can already see itnow , it will take a couple days just to figure out how the bank is supposed to receive the signature from the government, then once we figure that out it will be"I'm feeling lucky" friday again, with a promise of a monday news release. And yet another weekend of people thinking "oh God, not again" What we need to find out is in who's account has the money landed? IS the next excuse going to be that the bank received the signature, and now the money has to be transferred to another bank before the NDA is lifted? I would presume that to be the case. Unless there is some shifty business going on, I think this week should be the last week. I highly suspect the jva will be very disappointing "worse than anyone expected" -

"In any case, the only opinion that matters is Medinah's new JV partners. They are expending a LOT of money to prove it. " How could anyone know how much money is being spent? That would be a violation of the NDA. Something is really not adding up. But since many people dom;t know much about poink sheets, they assume just because the pps is going up, there is something legitimate happening. By weeks end we'll know what's up. They cannot delay this anymore. Let's see what kind of buying comes in, I'm assuming there should be another run left before all the rats start to flee the ship.

[geoly31]

JACK now your playing with the facts! We are at .15 cents and moving higher cause there is a great possibility we have more then what you just said.

[doogdilinger]

The doubting nellies will all be left behind...never fails tick tick tick tick tick...BAM TIME fast approachin' cha-ching>>>$$$$$$$$$$$$$$$$$$$$$$$$$$$

[Hookmeistr]

For those who don't believe this region is worth very much:

Geology

Chile owes its mineral riches to its location over a subduction zone. Chile is part of the “Pacific Ring of Fire” a zone where the pacific plate dives below various continental plates. The less dense oceanic plate slips at a gradual angle below the continental plate, creating a zone of high-friction, high-temperatures and high-pressures. This is a dangerous zone, prone to volcanoes and earthquakes. In fact, 90 percent of the earth's earthquakes happen along the "Ring of Fire."

Being located in such a seismically active zone is not only dangerous, it is also financially rewarding. The tectonic stresses have granted Chile with unprecedented mineral riches. Where there are subduction zones, there are porphyry deposits- the most valuable copper deposits in the world. These deposits may be low-grade, but they are impressive in size and accompanied with valuable secondary minerals, such as gold, copper, silver and molybdenum.

Porphyry deposits are formed in zones of hydrothermal alteration, and subduction zones create the prime environment. As the Pacific Plate plunges below Chile, it is heated, melted and chemically differentiated. Masses of magma push up through the crust wherever they can. This magma comes into contact with water along its path and heats it. The water, carrying minerals which have been partly supplied by the intruding magma, moves closer to the earth's surface, cooling and depositing minerals. Simply put, this is how porphyry deposits form. The subduction zone in Chile has forged the geology, and geography of the region. The Andes, the Intermediate Depression, and the Coast Range have all been formed as a direct result of the subduction zone.

(Source: http://www.ibtimes.com/articles/109376/20110207/copper-mining-in-chile-part-i.htm) - thanks to Jai Ho.