Cynthia's Comments Year End....... Good Morning,
Well, we are into a new year and it looks we have turned the corner. Tax loss selling hurt most including myself and a certain insider end of 2012. Still hold a small position, and will be buying back in once my wait time to 'buy back' has passed.
These are some of Cynthia's comments via E-mail and reasons why I have not given up on this sleeper of a company.
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'Thank you very much for your Christmas and new year wishes! Much appreciated. Here's to a successful 2013.
I continually have to separate the aspects of appreciation and valuation provided by the market, from actual events and positive developments and growth. Just because we are trading at $0.03c definitely does not mean this is our true value. For instance, no value has been attributed to the company for the sale of the Bell Mountain ($2.35mill) or the target deposit estimate of 4.0 to 6.0 million tonnes of 1.5 to 3.0 g/t gold, 20 to 30 g/t silver, 2.5 to 3.5% zinc and 0.25 to 0.50% copper based on Laurion’s own drilling information as well as historical drilling information for three (3) zones of sulphides. The target assumes a minimum vertical depth of 250 metres on these zones at an average true width of 2.5 metres, and assumes that the trends are 30-50% mineralized. The target deposit has an insitu value of $1.1 billion based on a gold price of $1500/oz Au, $30/ozs Ag, $1.00 Zn and $3.50 Cu. Laurion has now to prove this in the form of NI 43 101 ore resource compliant reports that the markets can attribute real value to the Sturgeon River. Laurion has acquired all the surrounding land that harness the above mentioned trends.
2010 was really the pivotal year for Laurion and we have been steadily growing since 2010. Most important has been the success that we have had on the Sturgeon River property. Every aspect of work that we've executed on this project has been extremely positive in the results that it has returned. One only has to look at each press release disseminated since 2010 to appreciate that. A junior exploration company’s greatest challenge in exploration is to find a deposit of note. Laurion now has just that!
Laurion's immediate challenge and goal going forward is to is to continue developing the three trends, each trend hosting a strike length of 3 km , for a total of 9 km. The fact that we have only scratched the surface of this potential deposit is so exciting. Drilling to date from surface to 150 m depth has shown some very exciting intercepts, with the deeper holes indicating that the zones are widening and increasing in grade. This is typical of many Archean greenstone deposits and we have evidence of this aspect in the drilling and the work within the historic shaft on the property.'
Best of Luck to all this coming year....... B1