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. > Stock price and TRUE value...two very different things

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Comment by ahsineegon Mar 09, 2024 4:49pm

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Post# 35924708

RE:RE:Stock price and TRUE value...two very different things

A point of clarification, the CASH COSTS ($/oz) at Greenstone is $690 - $790 / oz, HOWEVER, I prefer the more conservative metric of All in Sustaining Costs (AISC) of $840 - $940 / oz. Greenstone is super cheap to mine, and that's great for LME. You can all read the latest greenstone update here. (Equinox Presentation) Page 23 has the Cost Guidance.

Toddsquad wrote:
Dean, Thanks for an energizing close for the weekend.

I note that the Magino Mine (Near Dubreuilville) is ~5 Hours east of Ishkoday(Near Beardmore), whereas the new Equinox Greenstone Mine is only ~1 Hour east of Ishkoday (Beardmore).

On February 22, Ahsineeg posted the recently published Equinox Financials where the forecasted 'Cash Costs' of the Greenstone Mine were pegged at 690-790 ($/oz) with 'All in Sustainable Costs' at 840-940 ($/oz).

Wouldn't the Greenstone Mine Financials be more refective/accurate then comparing Ishkoday to the Magino Mine 'Cash Costs' of 1050-1200 ($/oz)?

Either method is full of upside, however based on Ahsineegs earlier post regarding Equinox Financials, using the Greenstone Mine Financials (1 hour away from Ishkoday) offers an even more compelling business case.