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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 Sep 28, 2024 2:55pm
213 Views
Post# 36245501

RE:RE:The Lassonde Curve

RE:RE:The Lassonde CurveI don't have an issue with your numbers, and will give you the fact that mine are on the lower side, but that is because I based my post on the information that Laurion has publically released. Laurion has not publically stated the validation of 10M GEOs. The property of merit has qualified range of 0.1 - 8.7M GEOs, anything one assumes beyond that is just that, an assumption.

I asked Cynthia about it directly last summer and she replied that it was an ambitious target with no timeline and no, they were not there yet. 

As to the rising price of gold, I dont think it quite translates to double as AISC costs have gone up in line with inflation, however this may be overstated.

As for optimism... I have plenty. We are near or at the bottom of the curve. It's a good time to dollar cost average down which I will be looking to do. 


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