Laurion Mineral Exploration Inc V.LME

Steve

[Bracko]

Any news from the DRA ?from  Goldbelt question that he had ask you from over a week ago.

[Primpage]

Good morning Steve, just wondering if you've had a chance to meet with Cynthia and if you were able to ask about DRA's involvement, as was asked about a week ago. I understand you were meeting her "later this week". 

[TraderRC]

Good Evening All, The longer Steve takes to respond the better this is getting.  Steve has a very good track record of responding to questions on this board.  The initial question  on DRA was posed back on the 28th of Novemebr, that's almost 2 weeks ago.  If I had to bet, Cynthia is working on something,  hopefully at the finishing stages, and either does not want to

[GoldBelt]

Agree 100%. One of the reasons why i initially asked that DRA Question was because I thought it was a crucial factor  in establishing that the "complex/complicated" Laurion Mineral  polymettaliic metallurgy could indeed be mined at a cheap and high recovery rate. This information is vital for a potential buyer...and maybe that's why my question hasn't been answered hmmm

[Stepinup]

Why do you still think the deal will be announced this year? The MRE will not be complete until 2024, and probably after more drilling.  I think Steve is about done with us now, And life will move on, business as usual. I think there is no news because there is no news.  Against the backdrop of its recently completed, over-subscribed private placement of flow-through shares, LAURION

[Toddsquad]

..it seems you believe that a MRE must occur before a BO is announced.    Some (many?) of us believe a BO will be announced prior to an MRE being finalized. Time will tell

[GoldBelt]

I believe that the announcement of proceeding with an MRE May have been a negotiation table tactic by LME/ US Capital Global... we can do the MRE but when it comes out you'll have to pay a lot more...and it might attract competitive bids. LME possibly believes their data room has all the information necessary to sell the property.  Note that GBR did not have a MRE and still sold.  I

[Thebluestroy]

Since you were around fro the GBR BO, how have the happenings around here as of late been similar to the final days of GBR, if at all? Just curious to see if there are many similarities or if LME is a totally different beast 

[StevenHunter]

Had a chance to speak with Cynthia today.  DRA was initially engaged to focus on the plans and permits for the monetization of the waste pile.  When construction costs skyrocketed the decision was made to put the stockpile on hold but the permiting process has lived on.  These will be valuable when the economics makes sense to the process has continued. DRA has worked with LME