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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

Comment by Planthouseon Apr 07, 2024 4:34pm
499 Views
Post# 35975799

RE:Osino Resources Deal Took Over 1 year to Materialize

RE:Osino Resources Deal Took Over 1 year to MaterializeJust speculating, but this could explain why drilling plans have continued to be status quo in 2024. They may be in deep discussions (AKA signed a Confidentiality Agreement) with someone for either further financing or for a BO. If its a BO, as has been posted previously, during a Gold Super Cycle the share price ultimately doesnt matter. Gold companies will pay whatever they think the company is worth in relative terms ($300/oz, maybe more if gold price keeps increasing). I personally thought a conservative $5 per share was reasonable, but realizing how much LME has expanded, I can see how we might get to $15+ per share. Obviously, theres still the fact that Burmi has sold quite a few shares lately, which may signal that a deal wont be finalized in the short-term. I imagine late 2024 or early 2025 is more realistic given all the information weve been given. Potentially late summer 2024, but thats more optimistic in my view. Until then, LME is severely underpriced at least a 10x bagger in this price range, with the possibility of 50x if gold continues to record highs.
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