Laurion Mineral Exploration Inc. V.LME

RE:RE:RE:RE:RE:RE:RE:RE:USCG expiry

[GoldBelt]

Ahsineeg I always appreciate your input and thank you for connecting the dots so to speak. I like your theory but have some questions for anyone else to answer and provide their input and comments but especially Doug (work for those options!):

Now considering:


TORONTO, May 22, 2019 /CNW/ - LAURION Mineral Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) ("Laurion" or the "Corporation"), is very pleased to announce that LAURION and Metals House Inc. ("Metals House") has signed a Dor Sourcing Agreement which includes LAURION and LAURION's wholly-owned subsidiary, Ahsineeg Inc. ("Ahsineeg"), and Ahsineeg's private investment group

I wonder if your choice of profile name has anything to do with this? ;)

LAURION's wholly-owned subsidiary, Ahsineeg, along with its private investment group, will not only finance and otherwise support the development and extraction of gold and other metals from the Surface Stockpile, but will serve as the Canadian conduit/broker for Metals House for dor sourced in Canada and other countries.

It has been FIVE years since this agreement was signed and yet LME is :
1. still sitting on this stockpile
2: has had numerous private placements to raise cash since

Metals House Inc. Forms Strategic Alliance with LAURION

The new agreement will give Metals House a ‘right of first refusal’ to the 190,000 tonne surface stockpile located on LAURION’s wholly-owned Ishkoday property situated 220 kilometers northeast of Thunder Bay, Ontario.

What exactly is LME getting in return for this alliance? 
Because I can't figure it out/ no information provided on how LME benefits from this.
What does LME get in exchange for giving Metal House a "right of first refusal"?
Again its been FIVE years and the stockpile has not been monetized to fund drilling to expand and prove the resources 

1. At a gold cut-off grade of 0 g/t, the estimates for the surface stockpile from the historical operations were calculated at 144,070 tonnes grading 1.59 g/t gold for 7,383 contained ounces of gold in the Indicated category. The resource estimate for the tailing was 137,501 tonnes grading 1.67 g/t gold for 2,944 contained ounces of gold in the Indicated category. Total Indicated mineral resources for both the stockpile and tailings totaled 281,571 tonnes grading 1.14 g/t gold for 10,327 contained ounces of gold.

So LME has a gold stockpile cash equivalent of approximately $20M at $2000 au/oz assuming 100%recovery rate.
Even at 75% recovery rate, thats $15M that could have been utilzed for GBR type drilling.
$15M at $250/m equate to 60,000m of drilling!
Why hasn't this been done yet and why did LME give Metals House the "first right of refusal" to monetize this stockpile.
And what did LME get in exchange for giving them this first right? Because on the surface it  looks like this has "hand cuffed" them in the five years.