Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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.

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Laurion Mineral Exploration Inc. > Buyers

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Comment by Lambosntendieson Mar 31, 2023 12:35pm

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Post# 35372071

RE:RE:RE:RE:RE:RE:RE:RE:RE:Buyers

Goldenl I understand where your coming from but I disagree on the idea that LME doesnt have a strong value appeal. Laurion is virtually impossible for us (as in "general public") to value as we dont have access to the LME data room.

We need to rest easy knowing that LME has had very positive results in last years drill programs with everything hole being a "hit". This year is a smaller drill program yes, maybe it is to conserve cash but LME has not had a problem raining capital in the past and there is no evidence that they would have issues in the future financially. I stand by the idea that this smaller program, in addition to their resamlping efforts, is to provide further validation for what they already have proven (privately in their data room, information available to suitors) and to further define the extent of the stike zone as they still have not found its outer boundaries. This is all very positive and paints a picture of significant upside from the current SP.

As Matlas has mentioned we cannot use the market cap as a true value indicator as such a small portion of the float is avaialble to trade to the general public and in turn the share price is base on emotional sentiment of a very small group of retail traders.

All we can do is speculate at this point and wait. This is were optomism (with a strong helping of Matlas's kool aid) and pessimism clash. At the end of the day we can spin our wheels all we want but our opinions arent going to foster true results, those are currently being proven/have already been proven.

I fully support the idea that we have reached Cynthias goal of 10M GEO maybe we have even hit 15M (maybe a lot more if you are hopefuly of the idea of a rich, large strike zone). Maybe we get 300 Cad/ounce maybe 350. Regarldess I think anyone in LME needs to sit back and practice patience.