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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 DAM$on Sep 28, 2022 2:01pm
228 Views
Post# 34992818

RE:Thoughts Following the AGM?

RE:Thoughts Following the AGM?Thoughts on AGM presentation (need the corporate update to see missed specifics)
Mostly everything was in the Update PR yesterday

-To consider Completing a new 43-101 (didn't mention Scope study)

-Well positioned as an acquisition target

-100% of all holes have mineralize results –Unheard off in exploration

-Strike target now 6km X 2.5 km

-NO doubt of continuity from strike zone to Sturgen & Brenmar areas

-revenue from stockpiles and shaft- ore sorting 60% complete by DRA = Less refining and therefore Greener  -In process of pilot plant. -Been working with DRA over the past year
-Already have a date of when stockpile will start to be processed (no date given)

Biggest point I heard was an  All In Cost of mining of $175/ton. A great number that will add directly to the share price at acquisition as it means it is very cheap to mine

Lastly, her explanation of why private placement and dilution are not a problem backs up the thesis that after PP the share price rises. Let the rich start driving the price up. Already 11% owned by institutional investors (someone initiate coverage please) 

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