Laurion Mineral Exploration Inc V.LME

Happy Easter Sunday!

[DouglasGVass]

Gold is on the move and it looks like this is the run we have all been waiting for. "Only those who are patient shall receive the reward."

https://www.kitco.com/news/article/2024-03-28/gold-appears-unstoppable-it-hits-record-highs-above-2250-capping-solid

[Soldsign]

I had a wonderful Easter wknd. Hope all of you Lme owner's did to. Very happy to know we are getting  a comfortable pay day soon. Go go wings. I believe even sees the writing on the wall. Lol  

[CDNDestroyer420]

Too bad Laurion and gold had no correlation over the last 6 months. One being almost up 25% to all time highs, and one down nearly 50% and a complete afterthought.  I used to cheer for gold until i realized it literally seemed to have almost 0 impact on share price. 

[DAM$]

Not a Financial Advisor but I think it might have a pretty strong impact on the Buyout price. 

[CDNDestroyer420]

I'll happily admit to you having another great point! 

[joar8888]

Doug: How much permitting has LME proceeded with to help prospective mining buyers with to reduce the LENGTHY Goverment permitting process to open a mine? Hope you can help with this question.

[DouglasGVass]

We have received all permitting to complete our exploration work comprising  drilling. Mechanical trenching stripping etc.through MNDM.   The permit for the Advanced Exploration Permit is well in progress and we are finalizing the engineering component for reequipping the shaft. All base baseline environmental studies have been completed. We still have a lot of drilling to complete

[Jimo82]

Doug, is this all related to the open pit mine strategy? 

[DouglasGVass]

These permits are all focused on the stockpile and existing mines with an open pit mining strategy

[Stepinup]

What do you mean by "we still have a lot of drilling to complete"?  is this all encompassed within the planned drilling for 2024 ?   

[Twiggie]

That comment doesnt make me too hopeful for the near future. " alot of drilling to complete"

[DouglasGVass]

There is always lots of drilling to complete at any stage of exploration.  Until LME goes into production there will be lots of drilling.  The eventual buyer who takes over will continue to drill and prove up more resources.  Look at any junior exploration buyout and you will see that they continue to drill.

[keen2know]

Do people think that our potential buyer didn't realise gold was going to increase in price?? That they will wake up and see all time highs and think 'I need to buy a mine because gold is at all time high' ????  this hasn't crept up on any expert.  As we all (should) know , the mine won't be profitable for years after purchase , therefore todays price is