RE:RE:Drop in PriceIn response to your first point:
10M GEO has not been publicly proven. As you put it this is in aspiration, it absolutely cannot be cosnidered part of the companies "fundamentals" until such a time that it is publicly proven.
The fundamentals that I am talking about have NOT changed.
Laurion has no need to take on debt with $7,560,461 in cash as of their last publicly disclosed filing. You said "junior miners survive on its ability to raise capital". Laurion has previously disclosed that at times where they needed to raise capital the funds were in fact oversubscribed. Yes this value will decrease as Laurion moves ahead with the drill programs but that should be fairly obvious to anyone.
The gold bearing stockpiles are still there and have the potential to be developed to further fund LME as it progresses throught the stages of becoming a mine.
Both the gold bearing stockpiles and LMEs cash position enable it to become a resilient player that can weather the storm we will potentially see over the course of the next few years. Other juniors may not be so lucky. Times of economic difficulty thin out the herd, I have no reason to believe LME wont weather this storm.
The 5000m drilling program is meant for them to better understand and define the depth and width of the strike zone, which has already increased significantly from what they initially thought. This is another fundamental aspect of the company that has not changed. In terms of the results for this year: Its a matter of speculation. Maybe the results will be favourable and we will find a larger strike zone, maybe the results will say that what we have already found is the full extent of the strike zone. regardless we have had favourable results this far. That has not changed.
In regards to your second point
Laurion has no liabilities or debt that it is paying interest on, therefore interest rates have no impact on Laurion from a standpoint of its "fundamentals".
If interest rates are going to have an impact on Laurion in any aspect it would be that the aquiror would have to, in theory, pay a higher interest rate now (than they would have had to a year ago) on any money they borrow to make the aquisition. This assumes the company is taking on det to buyout laurion. Maybe they already have the cash? Maybe they dont? Thats pure speculation and has no bearing one LME fundamentals. If one did want to argue that point I would also like to point out that along with increased interest rates the price of Gold, the very assett that LME has in the ground, has also increased significantly and is projected to continue increasing which in turn will potentially offset an increased amount of interest required to service any debt of an aquiring company.
The fundamentals have not changed and I loved Laurion at $1, I loved it at .55 cents and I love it at .38 cents.