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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 Bigggold2on Jan 24, 2023 11:34am
235 Views
Post# 35242398

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Welcome Back Redditers

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Welcome Back RedditersThe flaw with what you're saying is that you're drinking Matlas kool aid.  This company will get bought, but not anytime soon.  Likely not anytime remotely soon.

Today's press release isn't crowing, it's a request for attention from acquirors.  They don't have any suitors anywhere near writing a multi billion dollar cheque but I'm sure they'd love to meet one. 

If the loud voices here were right and a buyer was around the corner do you seriously think they'd agree to all the geological info we saw today getting posted to the junior mining equivalent of Tinder?

Without new money to support the bid side of this stock it will tumble.  Don't believe me, look at the last 3 months of 2022.

Now, let's start executing that exciting drilling program, now let's pick up the pace and drill more, alot more.  Now let's pay for all of that.  $9mm isn't enough.  When Cynthia HAS to raise money do you want $0.30 stock?

They have 12-18 months of exploration to pay for at a rate that is beyond the drilling they've been doing.  Typical of late stage explorers.  Options and warrants expire worthless and we go to market at a deep discount, dilute and beg the Sprott's of the world to suppress our value.

But hey, Wmaver gets to buy 200 extra shares per paycheque so...... awesome.

Or....... tell as many people that you know as you can about a company you believe in.  Which kind of shareholder is better for LME?

I'll continue to advertise, you all should too.
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