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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 goldenIon Jul 20, 2024 6:07pm
230 Views
Post# 36141413

RE:RE:RE:RE:Update on world class partners.

RE:RE:RE:RE:Update on world class partners. Hey @primpage, I appreciate the feedback. I am not trying to convince anyone, and even Doug has told me I am wrong, but for the sake of argument I want to ask a question. Would you feel the same way if the current stock price was $1.50-2.00?

I think the pressure on the stock price is at least partially due to the uncertainty around the viability of Laurion. They have about 3 years of cash reserves. If they could get a 25-50 million strategic investment from Metals House that includes a pre-payment on the stockpile and does not involve significant dilution and they outline a plan for a large drilling program and a processing facility to monetize the stockpile, that plan would relieve a lot of the pressure and should move the stock price to 1.50-2.00.

At that point, they have the stability and security to continue the validation towards a disposition that is line with the estimates that have been presented here. 

I guess in the end it is what your expectations are. I can fully appreciate being done and just wanting it to be over, however in abscence of that reality (for arguments sake), assuming an all cash deal and disposition are off the table for now, what would appease you and restore your confidence?
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