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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 ilovexauon Mar 11, 2023 8:28am
239 Views
Post# 35332322

RE:DAM$ - your people need you! What's next?

RE:DAM$ - your people need you! What's next?Agree, no need for beating up on each other, we all want the same thing. Sounds like impatience and frustrations leaking through. 

That said here are a couple observations I have previously mentioned. 

There is no reason to withhold info OR to release it. Again us retail investors are irrelevant when it comes to a buyout. 

Case in point...the DRA assessment of the stockpile. Even if they released it the stockpile is already projected to be valued at $10M to $20M which is a pittance and would only to serve to fund future exploration. So don't look for this info to move the stock or trigger a buyout.

The only road forward is to continue drilling and "prove" the resource estimate across the property.

And.... Even if they had a buyout tomorrow the first order of business of the new entity would be..... Wait for it.... Drilling to further prove the resources.

So it will be a matter of course to keep drilling to move the project forward while working on a buyout.
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