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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 Oct 04, 2022 7:53pm
322 Views
Post# 35005547

RE:RE:RE:RE:Anticipating a drop into the 80s tomorrow?

RE:RE:RE:RE:Anticipating a drop into the 80s tomorrow? Weak hands panicking and dumping their small holdings into a small market. The bigger retail and institutional investors can see the Tier II and know there’s more to come so they just wait until this plays out. 
Currently there are 68000 with Asks between 0.90-.94 and over 530000 between 99-1.00   They will watch to see if they panic and start selling it down. Two people sold 21000 today at market and dropped it from .90 to.87. As fast as they can drop it, a significant buy will raise it. 
Anyone with significant skin in this game is holding as they know they won’t do better in the rest of the market than they will with LME. Whether it takes a couple of months or a year, where else can you get 1000% or better (way better). Even if the market has bottomed (I doubt it), the  likelihood of a 30% return over the next year would be a best case but unlikely scenario. 
Like Cynthia and the rest of the family and friends, those with experience are going to hold and accumulate for the buyout that will happen.  Barrick CEO has said that they want to add to their Canadian holdings as they only have one mine in Canada. But that they would only pay a premium for an asset they could unlock a value from. He was critical of the GBR deal as they hadn't proven the reserves and didn't have permits or agreements with the First Nations. I think the writing is on the wall and the directors have read it and are going to prove it the right way with 43-101, scope study and a bankable study. With DRA , Rocher Mackenzie and  Mira Geoscience for study's and Blue Heron for permitting we are doing everything by the book, to confirm the resources, in a strike 5 times bigger than originally estimated,  for the buyers. 

Cheers


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