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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.


TSXV:LME - Post by User

Laurion Mineral Exploration Inc. > White elephant.
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Comment by Timeandmoneyon Dec 02, 2024 10:00am
233 Views
Post# 36340583

RE:RE:RE:RE:RE:White elephant.

RE:RE:RE:RE:RE:White elephant.

Planthouse

I agree with your math and the underlying assumptions that support it. Good going.

For those who care to take the time to research the prices paid in previous acquisitions per geo the link below is a reliable report going back to 2012 that can shed some light on the assumptions that Planthouse made in his post.

Of particular value is the section titled: Gold Acquisitions by Buyer Type 2012 to 2022.

Note that you can adjust the ratios on the chart to current gold prices to come up with your own 2024 estimates.

Fun with math.

https://www.spglobal.com/market-intelligence/en/news-insights/research/gold-rrs-2022-m-and-a-price-paid-per-ounce-up-on-high-market-price
 

Time and Money
 

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