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Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based junior mineral exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resource properties. The Company is focused primarily on its wholly owned 47 square kilometers (km2) flagship brownfield, Ishkoday Gold, located 220km North-East of Thunder Bay, Ontario, Canada. The Company’s Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships, located 25 km northeast of the Town of Beardmore, Ontario, and 220 km northeast of Thunder Bay, Ontario. The Company holds Twin Falls property, which is contiguous and lies west of the Ishkoday Project. The Company also holds a 100% interest in Jubilee-Elmhirst, and Beaurox. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by ilovexauon Mar 11, 2023 8:28am
211 Views
Post# 35332322

RE:DAM$ - your people need you! What's next?

RE:DAM$ - your people need you! What's next?Agree, no need for beating up on each other, we all want the same thing. Sounds like impatience and frustrations leaking through. 

That said here are a couple observations I have previously mentioned. 

There is no reason to withhold info OR to release it. Again us retail investors are irrelevant when it comes to a buyout. 

Case in point...the DRA assessment of the stockpile. Even if they released it the stockpile is already projected to be valued at $10M to $20M which is a pittance and would only to serve to fund future exploration. So don't look for this info to move the stock or trigger a buyout.

The only road forward is to continue drilling and "prove" the resource estimate across the property.

And.... Even if they had a buyout tomorrow the first order of business of the new entity would be..... Wait for it.... Drilling to further prove the resources.

So it will be a matter of course to keep drilling to move the project forward while working on a buyout.
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