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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 Jan 03, 2023 11:37am
298 Views
Post# 35200769

RE:New Year, New Thoughts?

RE:New Year, New Thoughts?I think gold trending up is the only significant upside in the short term.

With inflation, interest rates and the sentiment around the markets right now, I am expecting a decline to the 0.30s before long.

Anything under 0.30 is a buying opportunity for me, but I am on the sidelines tii then.

This is going to be a tough year for the stock price. I think raising capital will be hard as a number of warrants expired in December expired under water and I don't know how likely their major investors will be to buy when they are dealing with the same inflationnary expenses we are all experiencing.

The major market mover (other than a sale) that Laurion could initiate is a MRE. I think it will be the summer or fall before they announce it. Hopefully the market will be a more stable then and we could see momentum from that.

I think that even though "a buyer could come along at any point", there is only a neutral to negative sentiment regarding that possibility in the short term.


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