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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 Not2smarton Dec 02, 2024 12:56pm
354 Views
Post# 36341013

RE:White elephant.

RE:White elephant.

With the new US Capital information i have seen about the Ishkoday Mining group.  Heres how i see it. IMO We know Ishkoday Mining group was formed to purchase LME (someone is at the table) and the goal is pay  LME shareholders, delist and go private. IMG will be made up of a number of investors. How many who knows.  Is IMG still looking for 1, 2 or 3 more investors. Maybe they have them all in place and the final agreements are in the process of being signed. The final pieces to this puzzle are almost complete. We know that 2.5 million ounces have been acknowledged from the 43-101 and that does not include this recent drill and the past drill results from 2023. They have further inferred possibilities of up to 12 million oz (thats a lot)  for them to say 12 M There must be so much information in the data room.   We know John Cavello is heading IMG and working with Cynthia to make this all happen.The question is what is the fair market value 1.8 B, 2.7 B, 3B  what’s an acceptable offer. Let’s say 2.7 B offer roughly 10 USD a share. Cynthia over 17 million shares, Micheal  12 million shares John over 10 million shares, Roger ? Who knows how many shares Im sure he owns a large number. They probably have 50 million shares between the 4 if them.Total cash out for them collectively could be close to 500 mill.  We know John will continue and turn the Ishkoday into an open pit mine.   I believe Cynthia/Roger/michael will also reinvest and continue along with the purchasers of the PP in the past. We are so close 

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