Midnight Sun Mining Corp V.MMA

Alternate Symbol(s): MDNGF

Midnight Sun Mining Corp. is a Canada-based company, which is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambia-Congo Copperbelt. It holds a 60% interest in two mineral prospecting licenses, 21509-HQ-LEL and 12124-HQ-LPL, the Solwezi Licenses, which are held by a subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited. Its properties comprise 506 square kilometers of prospective geology contiguous to the mine license held by First Quantum Minerals, which includes the Kansanshi Mining Complex. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. Dumbwa is a Tier-One exploration target, featuring a remarkable copper soil anomaly. Mitu is a target area located in the southwestern portion of its Solwezi Project. Crunch Zone is situated between the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast. Kazhiba is located 20 kilometers northwest of the Solwezi Dome.

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Midnight Sun Mining Corp > Positive Momemtum

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Comment by Sherry35on Sep 19, 2022 6:46pm

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Post# 34972449

RE:RE:RE:Positive Momemtum

RIO returning to the table would mean 1B pounds of Cu not including Co, Ni and pesky Au components. If the O/S remains constant at 120M shares and the offer is 10 cents on the dollar, the SP would be at $2.90 US or $3.80 CDN. With FQM next door, the offer could go to 15 cents on the dollar. FQM will be eyeing this very closely given the close proximity of the MMA permits to their $2B in-production smelter. Just keep drilling!!!

How many drills are running now?

Cheers AW

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