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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 GoldenBull999on Aug 08, 2024 7:31pm
323 Views
Post# 36170463

RE:RE:RE:The case for the SP to remain flat

RE:RE:RE:The case for the SP to remain flat

I think I said a few posts back something to the effect of "the property deserves more than they're doing" which I think is what rings true. For all the unconventional and slow/cautious methodology being employed the last 5-6 years they've still (it seems) managed to infer at least 4+M GEOs....if they DO have suitors in an around $300USD per ounce we're still looking around $4.50 USD per share right now. 

I think we either need to start shopping around at 4-5M GEOs with an understanding that there is likely a lot more in the ground OR we raise significant capital and give the land what it deserves....truthfully though, which would be better?  a relative 10 bagger soon (which would make everyone fabulously wealthy anyways) or risk getting the boot and ruining your "legacy" by taking too long for everyone involved. 

hope everyone enjoys the rest of their summer and fingers crossed we see something tangible and not more fluff leading into the fall/AGM time

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