Replies to post #62075 on Medinah Minerals (MDMN)

[abazaba375]

is it thursday yet? sure is getting exciting

[Medinaminer]

Brilliant! Bravo!

Push aside JJ, Dennis, Les, Chapin, and the other voiceless dudes and install Beth as the Chairwoman, Pres., CEO, CFO, CTO, not just IMO, but I know she would do a much better job.

In the least, she would be transparent, capable of getting the job done after she is on the job for a few hours, either make or break Medinah. And it would either be a huge windfall for all, or we would be cleansed of a scam, if that's what it was designed to be.

Beth, you have my vote. I will write you in when I get my proxy. If they ever send it.

I feel like I found my Medinah religious leader. What a spiritual hoot this will be when Beth takes over the pulpit. Yaaaaaaaaaahooo!

[Veblen]

I am totally in agreement with Beth when it comes to Decosta.

I hope he is a better dentist then an expert on mining or I pity his dental patients.

[Goldstrike]

Hi Beth. I read with interest your reply to Paddy.

Quote:
_________________________________________________________________

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

______________________________________________________________________________________

Answer #1 is clear.

Answer #2 confuses me when you state that you have experience in steam and metallurgical coal mining. The question had to do with your knowledge of geology. I suppose you know from your mining experience that the various grades of coal are classed as organic sedimentary rocks. What else do you know specifically about geology?

Answer #3 is clear enough.

Answer # 4 just doesn’t make sense to me. I believe that extraction means in this instance mineral extraction, not the extraction of funds through business taxes.
I suppose the word “extraction” might be a bit too much to deal with at first as the extraction process is really two part. The first is the actual mining or extraction of rocks from surface and subsurface deposits. We know that the earth’s crust is composed of many different types of rocks and that these rocks sometimes contain a mix of minerals, both metallic and non-metallic (as in coal).
We are of course, interested in mineral ores, and specifically, metal ore. Metal ore is rock containing sufficient metal to be worth extracting the metal from the waste or useless non-economic material mixed with it.
Metal ores are obtained by mining and that this involves digging up and processing large amounts of rock. Most ores have to be concentrated before the metal is extracted and purified. We have heard talk of an on site processing facility possibly being constructed at the base of the ADL plateau. This would be a concentrating plant.
By definition, an ore body must contain enough of the metal to make it worthwhile to mine and then extract the metal. Since the majority of metals found at depth in deposits like the ADL are combined with non–metals like oxides and sulfides, chemical reactions are needed to free the metal. This may be considered the actual extraction process. This extraction process is somewhat involved and would take place off site.
I believe Paddy was referring to this particular process when asking question #4 of you.

I don't care to be critical, but I found your answers unsatisfactory.