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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

Post by StevenHunteron Jan 15, 2024 11:03am
650 Views
Post# 35826924

Follow Ups

Follow Ups

First and foremost, bravo to Fatlas for "mixed metalphor".  Brilliant.  


The special committee is the 2 directors who aren't Cynthia and when additional support is required they are able to include the CFO, Legal counsel etc...

I get the reason for the question, it's easy to connect Michael's sale with a view to pending disposition but I can tell you the two tasks are not related.   He has a business to run and like the rest of us he has to manage that life first.   He is still one of the most major shareholders of LME by a lot and totally committed to the company, to the Board and to Cynthia.  

The 10mm ounce goal was day 1 targeting.   Results certainly point to confirming everything Cynthia has always believed about the property with the most recent results surpassing even her expectations.   Like all of you, I am not privy to the data LME has regarding mineralization so I don't know if the proven assets are below, at or beyond that great target.  


Given that the 10mm target was Cynthia's goal for the entire property and the entire property hasn't been explored it makes sense that the proven number is less than that but what matters to a buyer is what the proven number indicates anyway.   You'd have to work hard to convince me that the results from LME are not universally positive.


The Ishkoday is a big place.  With the addition of Twin Falls it's gigantic.  It'll never be totally explored but the tangible, real results of the drilling leave no doubt that this property is deeply mineralized and extremely viable for active mining.   That's the ultimate goal of an exploration company and that is looking more and more like 2 huge thumbs up.  


I'm a very happy shareholder.  Combine the results with recent market stability and resilience and I'm an extremely happy shareholder.  Hope you are as well, you should be.  


Hope that helps,

Steve

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