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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 goldenIon Dec 20, 2022 9:05am
300 Views
Post# 35181720

RE:New Press Release…

RE:New Press Release…I think the key in the press release is the mention of reducing the capex and opex, those refer to the capital expenditures to initiate the mine and the operational costs to keep it going. It doesn’t matter how much gold is in the ground, what matters is the cost to extract it.

I think that may be the sticking point in signing a deal. I think Laurion’s original projections may have raised some suspicion with the potential buyers. It looks to me as though they are trying to validate those costs (and potentially reduce them) so that it is more attractive to the investment firm that will buy them.
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