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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 Primpageon Mar 02, 2024 12:32am
156 Views
Post# 35910835

RE:RE:Drinking the koolaid

RE:RE:Drinking the koolaid

Do you mean $2-$30? 

the reason for such a big range is that no one on here actually knows. We don't have an MRE(which we never will until an announcement) to tell us how many geo's there's are in the ground. Even if we did, we still don't know the value of the ishkoday considering the low cost to mine the property. It's expected that the ishkoday will have an AISC of $700-800, similar to the numbers estimated for the greenstone only km's down the highway. But I don't believe there's a recent enough sale that we can compare to. GBR sold years ago and I feel the price they sold for is going to be low compared to what Cynthia will get in 2024. 

We are all just speculating and no one knows. Some might have heard from someone who heard from someone else that it is worth $4. Some have heard $30....all speculation. Until Cynthia sets forth a news release with real numbers, we can only guess at its value. 

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