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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 Jul 19, 2023 7:14pm
203 Views
Post# 35548931

RE:Why own this stock -why buy this stock?

RE:Why own this stock -why buy this stock?Nice post.

I think we will see a small drilling program announced for the fall. It will target areas near the stockpile and existing shafts and will be based on the fieldwork they have done this year including the magnetic imaging.

Assuming it starts in September-Oct I don't think we will get assay results before December or January. I think the AGM is likely to be pushed out as far as it can in order to hopefully have some positivity in terms on assays before it happens. I think it needs to happen before the end of Feb 2024, but I am sure I will be corrected if that is wrong.

With positive results from the assays, if there is a potential buyer (which I am not convinced of, but for sake of argument) that may be enough to close a deal. More likely I see an increase in the SP allowing them to issue more shares to fund the three year extensive drilling program and a buffer. 

Meanwhile the Greenstone comes online, and the surrounding mines become attractive targets especially to a private equity firm like Orion Mine Finance.

None of this to contradict anything you have stated. I think anything is possible, but I lean more to business as usual for the next little while, along these lines. 



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