Where's the news??? Last year they announced they commenced drilling April 28 and had assay results May 19 and 29th and expanded the strike zone on June 11th. This all happened within 43 days of the drilling announcement.
This year they announced that drilling commenced on April 13th. 55 days ago
Are they holding for a super news release?
I agree with JamesTB as well with respect to LME being a great aquisition target but I feel the value is much higher than $4 per share. As nice as $4 would be I think it will be much higher after looking at past aquisitions.
Kaminak sold to Goldcorp for $520 Million in 2016 when gold was $1200/oz. They had 3 Million ozs with1.8 mil proven and 2.2 mil probable. Just increase it 58% to $1990/ oz and then increase it at least 3-5 times to 10 million (soon to be proven ozs) gives Laurion a $12.20 per share to
$520,000,000 + 58% = $821,600,000 X 3 = $2,464,800,000 / 220,000,000 shares = $12.20/ shr
$520,000,000 + 58% = $821,600,000 X 5 = $4,108,000,000 / 220,000,000 shares = $18.67/ shr
Always show your work. Correct me if my numbers are wrong
In my opinion the 10 million ounces are probably light as it was before the two expansions of the strike zone last year, the New Niish discovery, CRK and others.
Been accumulating since 14 cents and probably holding way more than I should but I plan on holding this until it's way over $10. Maybe even $20