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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 fatlason Jul 28, 2023 9:13pm
327 Views
Post# 35562773

RE:RE:RE:Laurion July 23

RE:RE:RE:Laurion July 23

I've made my share of typos on here - and have yet to figure out how to edit them. 

welcome - and thanks for the post!  

I agree with all of it except the chance that this goes to $0. We've seen what an Ill-advised market sell order can do to the stock - so I don't think downward spikes are impossible - or even downward pressure and trends - but $0?!  With all the cash on hand, prudent and frugal management, stockpiles, land and I believe previously deemed less than optimal deals on the shelf? $0?!? I don't see it as at all possible. 

Also - I'd think existing major shareholders would pile in well above $0. Whatever limitations they had preventing them buying today would be worked out of - and Cynthia would get back up to her prior just under 10% mark. And others.  

Everything is possible - and volatility in both directions could easily be on the way - but i stand firm - $0 is off the table for at least 36 months - if not longer.  

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