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. > Kinross Gold lifts Great Bear inferred resource by 45%

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Comment by Thebluestroyon Feb 16, 2024 7:58pm

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Post# 35885340

RE:RE:RE:RE:RE:Kinross Gold lifts Great Bear inferred resource by 45%

Heck, 2 million ounces of gold at $250 per ounce is still $500m... the market cap is $118.51m currently

$500m/$118.51m = 4.21 x .45 (current sp) = $1.89

But I feel like since the 2023 drill results + some historical data arent invclusive in these calculations its likely higher.

Hopefully we can infer 5+m GEOs and see a SP of $3.50+

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Advancing flagship Ishkõday Gold Project in Ontario