Midland Exploration Inc. TICKER: TSX.V:MD DESCRIPTION: Midland Exploration is a dynamic and aggressive mineral exploration company focused on gold, base metals and REE mine discoveries in one of Canada's richest mining provinces, Quebec. The company is led by highly respected management and technical teams with a proven mine-finding track record. Midland intends to generate new attractive projects and seeks opportunities through industry partnerships (JV Model).
"Best buys currently are Midland Exploration; inexpensive for a quality exploration company. . .be careful not to drive Midland higher with your own buying."
Adrian Day, Adrian Day's Global Analyst
(08/08/10)
"Like Miranda, Midland is a prospect generator, though focusing on multiple resources in Quebec. Two drill programs funded by partners are underway, including a new drill program by Agnico on the prospective Maritime-Cadillac trend; already some promising results have been returned. Two other new drilling programs are scheduled to get underway imminently.
In addition, the Japan Oil, Gas and Metals National Corp. finalized its agreement on an REE project with a $200,000 payment to Midland, and has started an initial $1M exploration program. Finally, following a successful airborne magnetic survey of properties in the Eleonore area, the company is undertaking a summer program to include rock sampling with the aim of identifying targets. . .Midland continues to be very active on multiple fronts, has several active exploration programs and remains well funded, keeping dilution to a minimum. Though we are alert to the stock price moving ahead of itself, Midland remains one of our very favorite companies and we would buy at this level."
The Gold Report Interview with Adrian Day (06/11/10)
"Midland has been doing extremely well. It's a JV company focused on Quebec. . .[that's] doing everything right and growing very, very well. They've got two JVs now with Agnico-Eagle; one in the southern end of Quebec in the Maritime Cadillac Trend, where it has just decided to up its interest and spend more money on another drill program. In all, Midland has four drill programs either underway or to be underway in the very near future, which is quite a lot for such a small company. They've got a good balance sheet, they don't need to raise any money. The company just did a JV on a rare earths property with the Japan Oil Gas and Metals National Corp. (JOGMEC) There's some good potential for some good news over the next six or nine months. The stock remains very cheap."
View Entire Article: Adrian Day: Buy Gold Bullion, Royalties and Juniors
The Gold Report Interview with Éric Lemieux (05/17/10)
TGR: Could you please update us on some of the companies you're following?
EL: Midland, which is very active in the James Bay area, has generated projects more on the eastern side of the James Bay and has a partner, Agnico-Eagle Mines Ltd., which is quite a feat when you look at it. Midland also has properties in the general area of the Eleonore deposit, which it acquired by being attentive to what's going on in the area play and picking up lapsed claims. The company is also generating new projects outside the James Bay area with rare metals and some base metals plays. They have applied the partnership model very astutely; I think Midland is creating shareholder value.
TGR: Does Midland have other partnerships aside from the one with Agnico-Eagle?
EL: It has a partnership with Osisko Mining Corp. It has a partnership with North American Palladium Mines. Recently, it signed a partnership with Zincore Metals Inc. for its base metals project in the Gatineau region. It's a very dynamic company and it's something I appreciate in junior exploration companies. The ones that are dynamic lead the parade. I think Midland is able to go into regions and say, "Hey look, this area hasn't been really well explored and let's explore it and generate some interest."
TGR: What's your 12-month target price for Midland?
Eric Lemieux, Laurentian Bank Securities
(04/01/10)
"We believe that the following elements make Midland Exploration a convincing investment:
Assembling an Impressive Land Position
Several Drilling Programs
Dynamic Explorer and Quality Management
We maintain that Midland has the capacity of laying the foundations for discoveries by virtue of the quality and dynamic exploration team. Highly proactive, coupled with a focused, thorough and innovative exploration philosophy, we reiterate our Speculative Buy rating with a target price of $1.75 on Midland shares.
We believe that Midland is well positioned to benefit from what we consider may be an upcoming favorable environment for quality gold and rare earth explorers. We maintain that Midland has quality projects in a stable jurisdiction and is poised for discoveries. Management is establishing a track record of thorough compilation, generating and acquiring solid projects and establishing good, focused exploration programs. Partnerships with Osisko Mining Corporation, Agnico-Eagle Mines Limited, North American Palladium, JOGMEC (Japan Oil, Gas and Metals National Corporation) attest to the quality of Midland's management and growing recognition as a quality project generator."
Midland Exploration Inc. 
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