Midnight Sun Mining Corp. V.MMA

Copper $4.50 USD$/lb. this should Xplode

[Magnum2]

following the next round of drilling that should be underway now, to be completed in June of 2021.

With this next round of spending by Rio Tinto, Midnight Sun(MMA) should now be on their next phase of cash calling the land owners to either answer their financial obligation or continue to relinquish a greater percentage of the overall land ownership to MMA.  With the latest spend by Rio, IR says MMA should get bumped to 90%ish ownership....the max Rio Tinto can control under the $50Million USD$+ earn-in/spend is 75%.  I would expect the last 25%, of which MMA at that point should control 15% should be worth a small fortune if they decide to sell it to Rio or another behemoth, or just keep it for the production, either way MMA should be dollars at that point, regardless of whether Copper prices remain above $4.00 USD$/lb.

Look at spot Lumber, last spring, 2020 below $300, overnight now $1400+, a five fold increase, Copper at some point also should hit multi-year and all-time highs as the World is about to throw Trillions at infrastructure builds to revive economies...factor in 5G build out and the "New Green Economy" that calls for electric power at multiplies of today's use...the perfect storm is on its way and Copper prices like Lumber IMO will get right out of hand.  Pork has doubled in the past three months, many commodity prices are at or near multi-year highs.

Hold Copper exposure, this will be the sleeper trade that will retire many folks in 2021/2022, MMA is one way to do that if the next round of drilling by Rio brings forth anything even close to what MMA has tabled to date.

Disclosure: holding MMA shares for 10X and 20X plus gains

DYODD

[Murfed34]

It appears as though some positive news concerning drill results must have leaked somewhere in the dark continent...hopefully this new trading level is maintained and only grows as rumour becomes fact and we start realizing gains on these $4.72 copper prices.