Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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.

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Laurion Mineral Exploration Inc. > Drilling Expectation?

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Post by Smitty64on Jan 04, 2023 7:07pm

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Post# 35203894

Drilling Expectation?

Hi LME Longs,

I hope everyone had a fantastic New Year. I have an inquiry; assuming that the team does not announce a sale in short term, but instead announces a new drilling program (to increase the value): do we know if previous years drilling announcements (I believe they always happen around January) increase or decrease the SP? Or does it stay relatively flat?
I guess this can be look at 2 ways:

People hoping for a sale in the short term could sell their shares in disappointment, therefore decreasing the SP.
The perceived value will increase with the expectation of further results, therefore increasing the SP.

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