Replies to post #58223 on Medinah Minerals (MDMN)

[Toxic Avenger]

"Projects that have or potentially have the lowest extraction cost per ounce will be in greater favor than those where the profits are minimal."

Yes, that's ALWAYS the case. It's obviously not the case with Medinah, with whom ALL true mining companies have avoided partnering with for 2 decades. ADL clearly has NO advantages over other projects that have been picked up by a mining company like Barrick. JJ has taken deals with unknown companies, for relatively little money and even THOSE don't close.

As far as no one suggesting that things are looking up for MDMN because gold prices are down, I suggest you re-read some of the recent posts.

[janice shell]

Here's the thing: they're already involved in many projects. They'll be cutting back on those, not starting up new ones.

So for Les to say they're falling all over themselves to set up JVs with MDMN is suspect. Highly suspect.