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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 Apr 21, 2023 1:03pm
238 Views
Post# 35407562

RE:Before Or After the Recession

RE:Before Or After the RecessionIt's an interesting question, and my answer is based on what I think is a reasonable timeline and that is an aquisition sometime between 2024 and 2026.

Laurion structure is private money. I will assume that the majority of it is locked up for the long haul, but with an uncertain economy, that will be tested.

Consider that Nick Ierfino who is on the board and is an accountant, spent $100k to acquire shares in December 2021 and then sold $500k of shares six months later. I am not implying anything with this comment other than economic uncertainty can make you flush and make you needy in relatively short order.

That said, I think the impact of what you are referring to will mostly be felt in the stock price and the potential for Laurion to raise capital (if they need it). I don't expect that Laurion will be immune to a reckoning in the stock market and I think that for some who are over-leveraged it may be hard to hold on to the shares that they have, and for others it could be a buying opportunity.

Todays press release mentions re-opening the shaft for exploration. I don't think they have the capital right now to secure the Ministry's requirements for posted funding for the environmental cleanup. That money will have to come from warrants or a partner. It's the same for future drilling programs.

I think Laurion can get by for a few years on what they have now if they stick to putting agreements in place, channel sampling, analysis and other relatively low expenditure items. The challenge will be the high ticket items that I hope will not be neccesary.

So my opinion on the timeline... I don't think it will factor all that much. Holding on though, could prove tough for some.


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