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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 Primpageon Feb 11, 2023 2:11am
411 Views
Post# 35281176

RE:RE:RE:RE:Buyout Price Estimate

RE:RE:RE:RE:Buyout Price Estimate

All good my man! 


But to answer the other part of your question of what others think...
it seems as though Laurion has proven at least 10,000,000 geo's if not more. They have a highway that runs through the property so easy access. The cost to produce the asset is approx 1/4 of what other mines costs are to mine. Laurion has also got the data, progressed the project to the point that it's nearly ready to start producing. 

But what really has my interest is all of the recent PR's since September.

Talking with DRA-they are world renowned company and well respected.
Engaging with DRA-they are monitizing the stock piles(60%+ complete, I think it's closer to 90%) and doing an economic study. Who wouldn't want an extra 20-30 mill in the coffers?! This is a big deal!
Osc approval-the osc just so happened to do an audit on LME at that time and found that there was a slight discrepancy on their website that they had to change? I don't buy it. I think LME as part of a deal needed to get a securities stamp of approval.
Last payment for brenbar-again, I can't help but think this is part of a deal.
Vikram to the technical board-why would anyone pay a company/contractor(DRA) to perform a job and then appoint their Vice President to a technical advisory board and give him 250,000 shares? Seems fishy. And take note that on LinkedIn, he was promoted to Senior Vice President in August 2022, just before Laurion started talking to DRA. I can't help but think his appointment has to do with a sale. 

Most of the press releases over the last 5-6 months seem to be conditions to a sale. I think we are closer than what they are letting on to. 

Then you see Rogers post's "it's just a matter of time" and "the race has begun"...seems imminent to me. 

Given the numbers I shared above I believe a realistic price tag will be 3-6 bill, but there is an argument for 7+ bill. 

This is all my own findings from online(press releases, Facebook, LinkedIn, laurion meeting on sept 28), not financial advice, but I have been adding as many shares as I can. One day, hopefully soon, we will wake up to a PR that shares that Laurion has entered into a definitive agreement and announcing that there is a special meeting in the coming weeks. 

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