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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 24, 2024 4:49pm
336 Views
Post# 36146930

RE:RE:RE:RE:RE:RE:RE:Question for Doug

RE:RE:RE:RE:RE:RE:RE:Question for DougHey Anthony13,

Here's my take on this, but I want to caveat it with this. I believe stock prices are neither under or over-valued. They are just valued. If it looks one way or another to you, it is likely there is something you are not taking into consideration.

I am bullish on LME. I also have cash that I could invest, I'm not though and no amount of marketing or promotion is going to change that right now. Why is that? Risk. Specifically, the runway. Laurion have enough cash to survive two to three years at the current burn rate. I don't doubt their ability to raise 2-3 million per year through warrants but that doesn't move them ahead very much and at the current stock price that is not insignificant dilution.

It's bullet point number two in their own model for foundational groth. They need to strengthen the treasury. Up until then, I am on the sidelines, and if that is how I feel, I can only imagine how people who have not been following the story would feel. It's there in black and white on the balance sheet. But as I stated here and on the thread you started I think Cynthia's engagement with USCG is all about adding capital. If successful, then I could see how PR and marketing might be useful, but I also think that in and of itself a large cash infusion (and plan) would have the same effect. 

TLDR - Bigger and more pressing issues than marketing.
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