Mr. Gold,
I followed a link over to this thread because I have an interest in small EXPLORATION COMPANIES, and reading some posts and going to their web page I consider MDIN a very junior EXPLORATION company only, and not a MINING COMPANY unless they have a profitable mining operation somewhere.. Maybe you can fill me in.
Also on your statement about 70 meters of MASSIVE SULFIDES, that seems to be a stretch to me since they reported only a sulfide zone.. which was mainly pyritic, Iron sulfides.. Probably IMO, diseminated. to what percent, who knows.. Carrying precious or base metals, who knows.. Pyrite is a very ubiquitius mineral..
On two reported holes, how can they state they are on the eastern edge of a large porphyry system?? Who knows.. The IP anomaly?? which detects only the presence of sulfides, fe, cu, etc..
Also, IMO, to lend credibility to a PR.. how can they go from metres to square feet??? when reporting intercepts..
IMO, the best part of the PR, was the REPORTED presence of Cu and Moly, which in economic quantities can be minable.. GRADE and TONNAGE being huge..
IMO, it is just a high risk prospect.. which may or may not hit..
Good luck... Coug |