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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 27, 2023 4:34pm
203 Views
Post# 35560419

RE:RE:RE:RE:RE:RE:Great opportunity

RE:RE:RE:RE:RE:RE:Great opportunityHey @strikegold, thank you for joining the forum. I am breaking my own rule by posting a reply here, but am doing so because you are new and I wanted to wish you warm welcome. Apologies as I cannot see the full thread. There is a toxicity I prefer to ignore.

So, I appreciate that you are a member of many different forums and are using comparables in order to evaluate Laurion. Unfortunately due to it's structure (80% held close by friends and family) and the company's lack of transparency in releasing data from their data room in terms of Mineral Resource Estimates/Preliminary Feasibility Studies etc... makes comparables difficult.

I am of two opinions. 1) Laurion shares are worth what you can get for them today...$0.42 or less depending on trade value volume and 2) the Ishkoday has potential value that Laurion is trying to unlock through their exploration efforts resulting in a buyout at a price reflecting it's value to thye acquiror. I think people confuse point 2 for point 1 in here a lot.

If you are looking for a company that looks undervalued comparitively and hoping to make some gains when the market readjusts, this may not be for you. As easily as the marketcap could be $200 million is the coming months it could just as easily be $75 million.

People are generally hoping for a buyout. Some believe it could be anytime. I don't. I think it is at least a year away and probably longer, but I could be wrong. There is some good information here but I think you are right in questioning the value based on the Laurion website. 

Should you choose to stay and take an interest in it, it is a compelling story. The CEO Cynthia LaSeur is active on LinkedIn and I would encourage you to follow her there. There is a lot of noise elsewhere from others tangentially connected on Facebook that I would advise you to ignore, and using the ignore feature of Stockhouse can make for a much more pleasant expereince here as well.

Best of luck. You are one of the few with a comment history stretching multiple tickers and I value your thoughts, contrarian or otherwise.






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