Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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

Laurion Mineral Exploration Inc > Press Release Jan/23

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Comment by matlason Oct 06, 2023 10:13am

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Post# 35672987

RE:RE:RE:RE:RE:RE:RE:Press Release Jan/23

Hi Time and Money-

I don't think you would add the $350 to the AISC.

Remember, the $350 is a one time cost, whereas the AISC is an annual cost.

I think that the real question is how do you calculate the price paid per GEO, which we are assuming is somewhere between $300 and $350.

I would think that they would use an estimated amount for sale price per ounce over the life of the mine, and deduct the estimated AISC. Presumably, the former is greater than latter.

Then they would somehow compute a present value using an appropriate discount rate and estimated number of years.

I would note that, supposedly the AISC for LME will be quite low, particularly since open pit.

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