RGN Vol 8 Iss 3

Page 78

“The reason we’re chasing copper and big deposits is because, historically speaking, you’re going to get three or four price cycles with a big copper mine, whereas in a gold mine you’d be fortunate to get one good cycle” Al Fabbro, Midnight Sun Mining president, CEO and lead director

again following the COVID-19

commodity price with a brand-

crisis, and as supply/demand

new discovery,” Fabbro says.

fundamentals strengthen,

“If we’re fortunate to make a

based on copper’s prominence

discovery, you get a perfect

in the green economy of the

storm which is when take

future.

outs happen, and that’s why it would be significant to us.

These fundamentals are only serving to sweeten the

“The reason we’re chasing

position of a company like

copper and big deposits is

Midnight Sun, on the cusp

because, historically speaking,

of a meaningful discovery of

you’re going to get three or

copper and also cobalt; metals

four price cycles with a big

which will play a vital role in

copper mine, whereas in a

the transition towards a low carbon global economy.

78


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