Laurion Mineral Exploration Inc. V.LME

LME’s peer just got bought out for $1.8BILLION

[JamesTB]

LME's peer GBR just got bought out by a senior producer for $29 a share, or $1.8 Billion. GBR is a similar company in terms of projected resource potential, but even they do not have the inferred and assayed gold at near surface like LME does. This bodes incredibly well for LME! And GBR was at similar stages in financed drilling, and drilling
progress. Strap in! A great reminder that the preferred end game could actually happen at ANY moment! 

We may all look back at $0.74 and wish we bought more when it was a steal, sub-$1.00. 

By all metrics, we have a monster on our hands. I wouldn't be surprised to see LME go for over $5 easily at our number of shares outstanding.

[Cnb567]

a few years back, LME compared their strategy to that of GBR. They said "This week’s example of GBR (is a great example of that) – where they waited until their share price was at $0.50 (utilizing the past 2.5 years to prove up their resources) (during that same 2.5 year period they moved their share price from $0.05 to $0.50) before considering stage-1 which caused their share

[Neil68]

James, you suggested a buyout price of $5.00 plus. Any inkling of a timeline for a take over?

[JamesTB]

Seems the private equity firms are starting to take public notice of the incredible value that LME represents. My hunch is we aren't far off now! 

[Neil68]

Thanks, great to hear!