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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 goldenIon Mar 22, 2023 12:42pm
289 Views
Post# 35353955

RE:Drop in Price

RE:Drop in PriceSorry, I would argue this on two points.

1. What fundamentals are you talking about? The only fundamentals I have seen are intents to validate 10 million GEOs and positioning to become a acquisition target. Sure, those haven't changed, but I wouldn't call them fundamentals as much as aspirations.

2. Factors external to Laurion have indeed changed. Debt is more expensive thanks to rising interest rates, and the cost of drilling has gone up due to inflation. It looks to me as if Laurion is planning a very small drilling campaign this year (5000 meters). Is that to conserve cash? It may well be and trying to do a raise when your stock has lost 70% of it's value could be an issue. A junior miner survives on its ability to raise capital. To say that fundamentals haven't changed in that regard is false.

I don't mean to sound negative, but "fundamentals haven't changed" and "if you liked it at a dollar, you'll love it at 35 cents" are just things people say to make themselves feel better.


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