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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by MRBIGGOLD2022on May 20, 2022 10:17am
871 Views
Post# 34698092

RE:RE:News must Be Close

RE:RE:News must Be Close

I've been through 2 of these, though none with anything like the upside of LME.  You'll know assay results are just assay results if you see them with limited fanfare all in one place all at one time.

If you see a bunch of them (read : >2) spaced out that is a clear signal that they are filling time and housekeeping while waiting for a deal to mature.  

There should also be an AGM in the calendar and............. there isn't one.  Why give a corporate outlook to shareholders if the corporate outlook is that the corporation is coming off the market?  For those that have owned this stock for a long time, you'll remember that last years AGM was barely a meeting.  I thought then that it was brief because a deal was pending.  I loaded up at that time and have been hugely rewarded (up 300%).

Add it all up and it's getting more clear that not only has a deal been made, but it's imminent.  As in happening very, very soon.  The $8 valuation seems about right to me, might be a little high but the current market environment means equities that are off the table in the drop have raised cash and for those with backbones gold is a safer haven, but gold explorers offer the commodity with upside to make up for lost equity value.  Many will be tempted.  Analyst coverage would be a game changer but I think this ship will sail long before that happens.

If you see assay results, read them and hold tight.  If you see a couple assay results in succession, feel great and buy a bit more.  If you see more resutls after that, find every dollar you can and buy as much of this stock as your balance sheet allows you to.  If all that happens and there's no AGM in the calendar, sell your car and use the cash to buy this stock.

You won't own it for long.

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