Strong Price Movement in Recent Weeks - HUGE PotentialI just stumbled upono LME.V recently, and it seems to be on an upward trend of late. Moving from 0.02 a few weeks ago to 0.05 today! The potential for Laurion Mineral Exploration is huge! I'm surprised this bullboard is so quiet, seems like a diamond in the rough that no one has discovered. With a market cap of approx $4 million and a key component here: zero debt, all it would take (In my opinion) is one or two key investors to get this off the ground.
They are sitting on an existing Gold mine with quantifiable resources that once was producing, and I'm sure they will be able to start up production again.
Their Ishkaday project sits on precious metals: Gold, Copper and Silver, and on base metals, most notably Zinc which poses tremendous potential upside! Key here being that Zinc is forecast to be a highly in demand metal due to battery manufacturing (Tesla, etc) and other technological demands! If you take a look at their website, it looks well managed, kept up to date, and they seemed to be managed by a professional and reputable team. I'm not sure of the scale or approximate amount of confirmed resources under their land ownership, but I've got to believe that their is significantly higher value potential than $4 million worth, not to get ahead of ourselves, but I truly think if developed and given the funding, this could be a $100 million + market cap given the time!
Might be worth taking a position at these lower levels, will monitor the coming days. Not sure if there is anyone else active on this board for LME but if there is would appreciate to hear any insight moving forward!
My 2 cents,
James