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 GoGoWingson Feb 17, 2024 12:39pm

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Post# 35885888

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

$2mm PP at after tax cost of $940,000

Mature at $3.5mm in under 2 years. You don't think dats alot?

JoJoHairBlo wrote: The thing that I have a hard time wrapping my head around is that an investor put up $2M in PP money at $1.05/share in 2022 with warrants at $1.15/share.

Tax implications aside, do you think this person would risk all that on a junior miner, in this economic climate, to not even double their money? I would think that Cynthia would have made this person had all the pertinent info to make an informed decision.

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