RE:What to make out of this Here's comments from Roger.
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Great LAURION Mineral Exploration Inc. Press Release this morning from Cynthia's desk.
LAURION is moving forward in realizing optimum shareholder value.
More positive NEWS to follow!
Educational Note: Unfortunately mining company investors especially junior miner investors/shareholders really DO NOT understand where the $ value is created in the miners. LME's greatest asset is in its vast amount of data generated over the years regarding its Ishkoday Gold, Silver, Copper, and Zinc mining asset. This is what prospective acquirors are most interested in (i.e is there a sufficient amount of Gold, and can it be mined profitably, and at low risk). The more data about a junior miner's mining asset the greater the derisking for the acquiror. LME is speaking to the prospective acquirors, and not to the street. And this is all that LME shareholders should be concerned with. Always remember, Cynthia is not only LME's Pres/CEO and an experienced 45yr mining engineer (having worked for senior producers as a valuator), but is also LME's largest shareholder, and I am LME's second-largest shareholder. Hence, every move being taken is in LME shareholder interests. Very few junior miners listed today have this shareholder-centric focus. Why not? Because these other junior mining Pres/Ceos DO NOT have 'skin-in-the-game', like Cynthia does.
Additional Note: Unfortunately, most shareholders in the miners think (assume) that stock value comes about with lots of DRILLING, very high gold grades results, and very positive assay results, but most generalist mining sector investors are missing the big picture. The aforementioned focus points (lots of drilling, high gold grades, etc.) DOES NOT necessarily indicate the mine project/asset is a candidate as a profitable mine.
Cynthia and the geological team are continuing to prove to prospective acquirors that an Ishkoday open-pit and reopening of the underground Sturgeon Quebec Gold Mine and the Brenbar Gold Mine (through LME's NI 43-101 modeling) will be very profitable for the producer. More important the data regarding the Ishkoday is indicating it will be a LOW-COST PRODUCING MINE = VERY HIGH-PROFIT MARGINS.
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Someone then asked..."and this is where DRA Americas experience with bringing mines into operation comes in? They'll be able to quantify the cost of production to a prospective acquirer?"
And Roger replied "Very sharp observation...You are on the mark!"