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.

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Laurion Mineral Exploration Inc > Acquisition of Argonaut Gold this morning!

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Comment by Smitty64on Mar 27, 2024 1:21pm

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Post# 35955940

RE:RE:RE:Acquisition of Argonaut Gold this morning!

Can you please help/confirm/correct this math:

Argonaut Gold=

$155.60/oz
2.36M ozs proven and profitable
Sell for $0.34/share

LME=

Ideal $300/oz (given current spot gold price and not having to sell for a 50% firesale discount) = 2x Argonaut
10M ozs proven (hopefully) = 4.23x Argonaut
0.34 x 2 x 4.23 = $2.87/share

Maybe you and GoGo are on to something....

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