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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.


TSXV:MMA - Post by User

Post by thankmelateron Oct 08, 2024 1:26pm
226 Views
Post# 36258107

US $100 million plus cash flow

US $100 million plus cash flow
First Quantum SXEW plant  rated for 25000 tons per day of ore 
Grade - say  0.5 %  is 11 lbs cu per ton 
11 X 25000 equals 275,000 lbs per day copper production .

90% recovery is 247,500 copper production per day

Copper US $4 per lb X 247,500 is $990,000 cash flow per day
US $360 million per annum

Midnight Sun net interest say 30 %   US $ 108 million


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