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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 Thebluestroyon Nov 07, 2023 10:39am
236 Views
Post# 35721422

RE:Follow up

RE:Follow upEventually there is going to be a point of diminishing returns where the more exploratory work they do (by issuing flow through shares and diluting common shareholders) will not increase value proportionally in a BO scenario.  I think that is what my greatest concern is.  I do not think many people here are wishing for this money to actually be used to explore any new property over the next 2-3-4 years. I could be wrong but I would assume there will be some mighty unhappy people in the F&F group if there is a continuation for another half a decade.  I just do not want LME to be in a "grass is always greener" scenario where deals fall through because they think they can achieve more but I do not think that mindset works forever. 

There are other things like inflation that make our dollars worth less every single year by another 2-3%. 

Anyways, my 2 cents...LME Long and hoping the end is near enough 

Cheers
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