RE:RE:RE:Great opportunity
The January press release referring to 2023 exploration states:
"The abundance of both gold and base metals endownment throughout the mineralized corridor that comprises the Ishkoday mineral system, appears to be evidence of large volumes of metal-bearing hydrothermal fluids having migrated through a large volume of rock. LAURION aims to locate where one or both of the two foundational mineralizing events – Ishkoday then Sturgeon River – were sufficiently well focused within one or more portions of this corridor."
But this general explanation of mineralization events and the company's goals are true for every exploration company looking for an economic deposit. Lots of explorers have picked up past producing gold mines and are looking for additional feeder veins, hardrock sources of placer gold, etc, but usually have a tiny market cap since getting back to production costs tons of money. I was just wondering how the valuation here came about since this company doesn't produce gold or have other money flows from mining.
The fact that the management excels at raising cash is great because most exploration stocks have trouble in that area. If management participates in the funding which they appear to, it also indicates that management believes in their projects. Didn't I say as much?
I was only comparing this stock to many others out there and simply am asking for additional facts in terms of drill results or demonstrated resources that I may have missed, since you say that $100 million is peanuts based on the true value. Why is that an unreasonable question to ask?