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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 Toddsquadon Mar 09, 2024 9:53am
233 Views
Post# 35924344

RE:Stock price and TRUE value...two very different things

RE:Stock price and TRUE value...two very different things

Dean, Thanks for an energizing close for the weekend.   


I note that the Magino Mine (Near Dubreuilville) is ~5 Hours east of Ishkoday(Near Beardmore), whereas the new Equinox Greenstone Mine is only ~1 Hour east of Ishkoday (Beardmore).  


On February 22, Ahsineeg posted the recently published Equinox Financials where the forecasted 'Cash Costs' of the Greenstone Mine were pegged at 690-790 ($/oz) with 'All in Sustainable Costs' at 840-940 ($/oz).  


Wouldn't the Greenstone Mine Financials be more refective/accurate then comparing Ishkoday to the Magino Mine 'Cash Costs' of 1050-1200 ($/oz)?


Either method is full of upside, however based on Ahsineegs earlier post regarding Equinox Financials, using the Greenstone Mine Financials (1 hour away from Ishkoday) offers an even more compelling business case.


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