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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.


TSXV:LME - Post by User

Laurion Mineral Exploration Inc. > Question for Dougie.
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Comment by ahsineegon Jun 07, 2024 12:28pm
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Post# 36077839

RE:RE:RE:RE:RE:Question for Dougie.

RE:RE:RE:RE:RE:Question for Dougie.

Also, Great bear resources deal was announced in Dec 2021. The price of gold was UNDER $1,800 USD / oz. Recently gold has been as high as $2,450 USD. $650 / oz HIGHER than when GBR was bought out. 


Where is the price of gold going? We know that Cynthia has posted that in this supercycle, it appears to be headed to $8,000+ by 2030. Mainstream banks are now calling for $3,000 / oz gold by end of 2024. 


My feeling is that top dollar for LME will come from a higher price per oz that a company is willing to pay for us. So we don't necessarily need to have proven 10 million GEOs. Someone willing to pay $500, $600, or $700+ / oz accomplishes the same thing for us. And paying that amount per oz of gold in the ground completely makes sense if the price of gold is going to $3,000+ / oz.

I'm happy with our $9 million+ in the bank and we can strategically continue to explore and drill the property as the price of gold continues to test new highs.

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