Laurion Mineral Exploration Inc V.LME

Still some time

[Smitty64]

I’m all for a buyout right away, but the communication over the last ~6 months has stated that there will be “redrilling in 2023” in the zones with the highest-grade deposits (which I believe is currently taking place).  

Now that we have proven the stockpiles monetary potential, coupled with the mapping survey (which should show exactly where the highest-grade deposits live), I believe a final step is required:

I’ve posted these thoughts before: “Once they complete the data entry of the mapping survey results into their models, they will have a truly holistic 3D understanding of the property. Then, I believe the final piece will be this quarter’s redrilling: they will use the geographical mapping data to pinpoint exactly where their richest deposits were/are and redrill here. When they start publicizing these assay results (in conjunction with their entire gift-wrapped presentation) is when I believe suitors will start rolling up their sleeves.”

The below 5 steps are almost all completed and I really think anymore exploration beyond this would be somewhat redundant:

1. All assay results injected into technical modeling
2. All 3D mapping completed
3. Determined feasibility of stockpile potential completed 
4. Magnetic mapping survey completed 
5. Redrill most fruitful areas and publish results   

[matlas]

I don't disagree with anything you say Smitty, but none of this precludes a BO from being anounced at any time. Until an agreement is reached, they have to proceed as if there is no BO agreement, both from a common sense perspective, as well as from a negotiation perspective. Business as usual. But again, nothijng is stopping LME from reaching an agreement at any time as long as they get the

[Timeandmoney]

Smitty 64, Well thought out post. I fully agree on the pattern of events and your conclusion. The time to accumulate more stock is now if anyone has financial capacity to do so. If you already own stock, I think selling it now would prove to be something you'd regret but everyone needs to determine thier own exit point. I remain long. Time and Money  

[Not2smart]

Question Smitty, not sure if you can answer or someone else.   Why would LME redrill most fruitful areas again.  When you already know that area has minerals.  

[Smitty64]

I'm just the messenger buddy. They have communicated that they were going to redrill in small pockets of high-grade areas as their next "drilling season"" since the AGM. I don’t have the time to go back through all the PR’s right now (someone else might and can copy exactly what was said and where exactly they are planning to drill), but I’m under the impression that they

[matlas]

Smitty-If the stock has not shot-up like that so far, after all the positive drill results they have had to date, why would you think it would if they announced results of this remaining drilling??? I suggest that the only thing that is going to make the stock shoot up by any significant amount would be announcement of a BO.

[DAM$]

The why is because Cynthia BELIEVES this is required to seal the deal. In so far as proving that this is a massive find and will become the blueprint of what to look for and how exploration is done in the future. She was confident that she could prove enough gold to generate a profitable mine but what they discovered last year has, I believe, surprised her. Quote “the significance of which is now

[Lambosntendies]

Hey DAM$ you mentione the following:  " they don’t have to restore the land cleared (huge cost saving) because the leading professor from Laurention University deemed it so geologically valuable that it should be left as is for future study."  Where did you find/hear about this information? This is news to me! (Great news, which there's seems to be plenty of with

[DAM$]

I knew I shouldn't have posted that as it took me a while to find it again. (Thought I had it saved.) Here is the post from Roger June 2019 that I found it in. Also see google map images showing most recent image with large clearing very obvious with the snow and the image from a few years ago    · I am re-posting the following note, I posted on

[Links2000]

Thank you Dam$ for sharing thats a postive. 

[Lambosntendies]

Thank you very much DAM$! Do you know if there was ever a response from Ministry of Northern Development and Mines to Dr. Gibson? The need to not complete rehiblitation efforts (either in whole or in part) would be huge! Matlas's $30 kool-aid would be that much closer to our reach. One thing that comes to my mind in relation to this is the April 21 PR which included the following: "The

[Lambosntendies]

I reached out to Dr. Gibson and he was kind enough to share some information with me. he did not hear back from the ministry in regards to select mineralized structures not getting rehabilitated. One thing I was pleased to learn is that one of his students did “considerable mapping and research on the veins as part of his PhD and will soon submit a manuscript to a refereed journal for publication

[matlas]

You are dreaming Lambo! Nobody reads journals like that other than other geologists, and I seriously doubt that this will result in an "influx of attention and publicity" in connection with people who would buy the stock.

[DAM$]

No confirmation but if you use the scale on the map image the current area in the center is approximately 200 metres wide by over a km long plus the larger semicircular area in the middle gives well over 300,000. For whatever reason they have 30 times the allowed cleared right along the strike zone from the CRK to up near the A zone. There may be some topsoil under the snow but it looks pretty

[Smitty64]

(Not so) Patiently waiting for our Captain DAM$ so post this: “I have been going over the years of posted discoveries since the original estimate and noted the excitement they exuded as they made new seemingly unexpected discoveries that would not just prove that estimate but grow it. I’ll post that when I have time to put it together…”

[GoldBelt]

Smitty thanks for the call out lol.  I'm more of a technical swing trader but I've had quite of few of my mining investments get bought out/takeover/merge (Newmarket Gold For instance when Kirkland Lake merged with AEM, it surprised almost everyone. General consensus was that KL was going to gobble up smaller mining companies. Then during the conference call KL CEO Makuch said the