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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 matlason Jul 17, 2023 11:05am
259 Views
Post# 35544127

RE:RE:RE:Asked and answered

RE:RE:RE:Asked and answeredI think that there are other clues here which should allow us to infer that more than 10 million GEO already:

1) there were signals coming out in 2022 from Cynthia and, less directly from Roger, that they were going to wrap up a deal that year. If they did not have 10 million GEO, there would be no way that could be the case because even at 10 millon GEO the price would be way too low for Cynthia to want to sell. That would equate, at $350 GEO, to only abut $12. When I got involved in early 2019, I was told by my inside connected sources that she was looking for $27, and they have found lots more gold since then.

2) I dont think that Cynthia wants to keep spending the winters freezing up north while Roger spends his days in his yacht. If they did not have 10 million plus, they would have planned for a lot more drilling this season, and I suggest that would have started already.
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