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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 Wmaveron Sep 30, 2022 8:44pm
221 Views
Post# 34998841

RE:RE:RE:mineralized Corridor

RE:RE:RE:mineralized CorridorValue is what someone is willing to pay! Historical amounts when gold was around 1200 per ounce was like 50-80 dollars per ounce. I could find the article again... lol but I don't want to. That is what good is for. If gold does what it.is supposed to do hear as the world economy crumbles, Russia develops the Moscow standard for gold and dethrones the London exchange.... I hear gold should be like 2500 to 10,000 per ounce here at some point depending on how much of the world is on fire.... So around 10 million equivalant ounces, at 2000 per ounce is value is about 20 billion. By 250 million shares is about 77$ per share. Now there are costs to extract and proces. Luckily this is surface mining which is less expensive. So that is the rub, if it's worth 20 billion in value how much will someone pay. 10% 20%? Lol we can all guess and throw random numbers out there. But it is based off of LME saying they want to prove 10 million G.E.O. and recently saying they have exceeded original amounts.
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