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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 Lambosntendieson Jul 02, 2024 3:30pm
443 Views
Post# 36115001

RE:Chat GPT

RE:Chat GPTAs nice as 90usd per share would be I would not get my hopes up... The results from the technical report should be broken down by zone for analysis.

The tonnage for A-zone 005 is 5.4-10.9. Out of 20 zones in the report the "low-end" of that zone (5.4) is higher than the "high end" of any other zone. It significantly skews the numbers. The same goes for the Avg. AU in the sturgeon no 3 zone it comes in at 8-8.7 g/t but no other zone is remotely close to this so while the average grade has a range as high as 8.7 g/t we propably should not use that figure for our calculations. All other zones are much lower. 

I had posted my analysis on this sometime ago... we will see if the image works but the long story is by calculating averages in each of the 20 zones we end up with a result of $8.60 on the low end, $29.86 on the high end and an average of $17.63. 


User image

link to image - https://postimg.cc/8j6BJmBs

This was done by calculating that average gold ounces in each zone then multiplying that figure by 9 to get our GEO figure. The average gold to silver mining ratio is 8 so in theory for every 1 ounce of gold they mine on the ishkoday they should also be pulling 8 ounces of silver out. 8 ounces of silver plus 1 ounce of gold gives us 9.  

This figure of 9 is most likely low as it pertains to the Ishkoday/ I used the results from the a zone extension highlights and the 2021 mcleod to a-zone best results to calculate the distribution ratio of gold to silver and those figures came back at 13.67 and 17.25. This also does not account for copper nickel or other precious metals. Please see images below for the ratio average calculations. 

User image
 
User image

link to images: https://postimg.cc/gallery/BnjmLKZ
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