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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

TSXV:MMA - Post Discussion

Midnight Sun Mining Corp > 43-101/PEA are based on multi-year avgs for metal prices....
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Post by Magnum2 on Nov 13, 2022 2:56pm

43-101/PEA are based on multi-year avgs for metal prices....

Sherry, I wasn't aware we have little or no numbers to base a value off of....but any and all values are based on multi-year avgs for CU,NI and CO, perhaps AU.

So yes we still need CU prices higher longer term and shorter term, sentiment is changing and this IMO is far more important to benefit the SP so resource calculations/PEAs can be paid for.

Perhaps RIO has done such a calculation, MMA definitely needs to step up their game if they are serious on moving this forward for shareholders.

Waiting on the next drill holes and an update from Mazumdar hopefully he asks the tough questions required to get these guys to comply.

Cheers
Comment by Sherry35 on Nov 13, 2022 6:19pm
Joe is like all the other IR flunkies out there. He'll never ask the tough questions. And when the odiferious brown matter hits the rotating propeller, he'll crawl under a rock. He's a good time Charlie. At the end of the day, all the exploration activities of geophysics (ETEM surveys), soil analysis, drilling and assays funnels into a 3D model. This 3D model, in conjunction with ...more