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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 Smitty64on Oct 18, 2024 1:02pm
222 Views
Post# 36271935

RE:RE:RE:RE:Resource numbers

RE:RE:RE:RE:Resource numbers

Thanks @GoldenI, I agree that a fact/numbers based approach leads to much more realistic assumptions than rumours/increasing the size of land. My question still stands to you: Based on the activity in the last year done by Laurion:

1. Special Committee Creation ->
2. Annoucement of USCG ->
3. Property of Merit ->
4. 3rd Party (USCG) Due Diligence Completion ->
5. Removing of USCG from PR’s Due to Broker Compliance ->
6. Finalizing Deal/Sale Commissions with USCG ->
7. USCG now creating an Investor/Acquisition Package-> Etc

Does it not appear that Laurion (with the help of USCG) is trying to find a buyer???
So my question to you is (if you agree with the aforementioned):

Why are they doing all of this now (if you think that there is still a substantial amount of work to be done to truly maximize shareholder value)?

Also, just want to be clear I am 100% on the side of let’s just get something done and move on (even if it’s for anything close to $2/share)
 

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