Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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.

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Laurion Mineral Exploration Inc. > LME Valuation

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Comment by JrGoldManon Nov 13, 2024 3:44pm

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Post# 36311002

RE:RE:LME Valuation

The MRE

ahsineeg wrote: Where are you getting the 2.5 million oz and 12.5 million oz from? I agree with 90,000 oz of gold ready for processing. That's been in the LME corporate presentations for as long as I can remember.

What are you thinking a potential deal structure looks like?

Jimo82 wrote: The frustration with this stock comes with the lack of movement, it's untradeable, it's purely a buy & hold stock. We've all watched the market, crypto and Gold make record highs and if you're invested outside of LME your portfolio has done very well. This is the only drag on my portfolio and has been for years. If this was my only investment, I'd be worried. I am hoping my patience will be rewarded but thus far, it's been a terrible investment compared to industry peers and the rest of the markets on a return basis. With that being said, I remain focused on the long term outlook.

This has to be a set it and forget type investment and maybe one day in the near future it will sell. It's clear they have a number, won't budge, and for good reason, so settle in. Gold keeps making record highs and finding new support levels. This works in their favour. Any hint of a deal being close will be obvious as the stock will jump 100% in one day.

I keep looking at the postives to remain bullish and to keep holding;

-90,000 oz of Gold ready for processing in the stockpile $2600/oz ($234,000,000 USD)
-2.5 Mil oz defined through drilling, potential of 12Mil oz in the ground.
-$800-900 USD extraction costs which is low compared to industry peers.

Using 273,494,904 outstanding shares per the last PR;

-2.5 Mil oz at $2600/oz = ($6,500,000,000 USD) - $23.76 USD / Share
-12.5 Mil oz at $2600/oz = ($32,500,000,000 USD) - $118.83 USD / Share

Can use $2600/oz $3000/oz $5000/oz for future valuation. Would be an incredible return for us and any future PE investors. Whats the delay as this seems like a no brainer? PE wants it as cheap as possible. The only reason why this hasn't been a hostile takeover is the ownership %. What number are they holding out for? Look at the above and ask yourself why would you let it go for cheap.

$.40 seems like like bargain...i'll continue to wait