Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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.

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Laurion Mineral Exploration Inc. > Press Release Jan/23

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Comment by matlason Oct 06, 2023 10:13am

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Post# 35672987

RE:RE:RE:RE:RE:RE:RE:Press Release Jan/23

Hi Time and Money-

I don't think you would add the $350 to the AISC.

Remember, the $350 is a one time cost, whereas the AISC is an annual cost.

I think that the real question is how do you calculate the price paid per GEO, which we are assuming is somewhere between $300 and $350.

I would think that they would use an estimated amount for sale price per ounce over the life of the mine, and deduct the estimated AISC. Presumably, the former is greater than latter.

Then they would somehow compute a present value using an appropriate discount rate and estimated number of years.

I would note that, supposedly the AISC for LME will be quite low, particularly since open pit.

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