Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:MMA - Post Discussion

Midnight Sun Mining Corp > We kissed 30 cents - YIPPIE!!!!

View:

Post by Sherry35 on Oct 18, 2022 10:47am

We kissed 30 cents - YIPPIE!!!!

Assay results must be coming soon given the program started Aug 2022. I want to hear more about the crunch zone. Is it the source of the copper for the 3 domes?

I quick calculation on 5B lbs Cu at $3.00US per lb and buyout at 4.2 US cents on the dollar, puts the SP at $5.25 US or ~$7.20 CDN. 8B lbs Cu puts the SP at $8.40 US. And we're talking about pittable Cu with FQM Kansanshi mine/smeltor 12 km away.

The above calculation doesn't include Au and Co. Puzzler solver Simon will figure it out.

208