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Bullboard - Stock Discussion Forum 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... see more

TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc > Lme description change
View:
Post by Lambosntendies on Jun 30, 2023 12:48am

Lme description change

Looks like the Lme description has changed. Heres the old one for reference. 


LAURION MINERAL EXPLORATION INC. is a Canadian based exploration-discovery company, focused on a high grade gold and a precious metal rich project. The Ishkoday offers short-term transformational opportunities with the development of its base metals, gold and revenue streams, hosted within two metal?rich environments. Laurion is expanding on a legacy of high grade gold production from the Ishkoday shaft which is associated with a significant gold environment located to the north of the shaft, and the significant polymetallic discovery hosted in the massive sulphide trends. The Ishkoday is a significant high grade gold environment and a polymetallic environment, both harnessed within a 100% owned 4,697ha (11,607ac.) property package, located 220km northeast of Thunder Bay with easy access off the Trans-Canada Highway. The Ishkoday gold and precious metal rich discovery project is the greatest potential value driver for the investor/shareholder.

Comment by TraderRC on Jun 30, 2023 7:17am
Interesting find lambosntendies, is this from the Stockhouse description?  I did not see on the Laurion website, I did notice a note about 20 mining leases and 18 mining claims. As some have speculated that Laurion may be in negotiations with multiple parties, and with the description change outling different areas of the property, would be curious to hear thoughts on  the possibility ...more  
Comment by Lambosntendies on Jun 30, 2023 7:41am
Yes that was the old stockhouse description, a friend of mine pointed out the change. I dont think they would be inclined to seperate. I think the bulk of the mineral value falls in the 6km strike zone within the 2.5km corridor they have defined. I would guess any company who feasibly would build a mine would want all the resources. If multiple parties were to be involved a more likely scenario ...more  
Comment by Lambosntendies on Jun 30, 2023 7:43am
Heres the new description for reference (just in case it gets chamged again!)  Laurion Mineral Exploration Inc. is a Canada-based junior mineral exploration and development company. It is focused on development of its flagship project, the 100% owned mid-stage 47 kilometers (km2) Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization. The Company holds interests in ...more  
Comment by matlas on Jun 30, 2023 8:22am
Not very likely Dividing up and selling to multiple vendors would not be a tax-efficient approach since it would ential  sales and taxes at the LME corporate level and secondary level of tax for distributions (except for tax exempt shareholders).
Comment by NoRealPlan on Jun 30, 2023 5:45pm
split her up, eh? That's the first time I've heard that said. 
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