Laurion Mineral Exploration Inc. V.LME

2021 Financials out quietly

[DAM$]

I'm surprised the AGM hasn't happened yet or even been announced as they quietly released the 2021 financial report back on April 26

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00008590&issuerType=03&projectNo=03372438&docId=5186023

Good news is almost $10,000,000 in cash on hand as of Dec 31 2021.
I find it very interesting that the Corporate update hasn't been updated. They gave us a 5 year plan 5 years ago and now we are almost done. There are only two likely outcomes from the next AGM and that would be Initial Estimate 43-101 and or an offer from a major to purchase. Not that we will be voting on any as it is all in Cynthia's teams hands.

Ronacher McKenzie Geoscience were retained last November to deliver Innovative and Integrated geologcal management. Their expertise is listed on their website as 

Data integration, analysis and integration  (Done I think after 5 yrs of drilling)

Geophysical services  (we have Jean-Phillipe Paiement from Global Consulting at Mira Geoscience Ltd.)

Project generation and property assessment (project well generated)

Exploration & project Mgmt  (Cyntia's done & is doing a great job)

TECHNICAL REPORTS  (the missing element)

Lands Mgmt  (they can manage it while count our money after the sale)

Everything but for the Initial estimate 43-101 has been done or covered by the team they have, so unless there is a new 5 year plan, My guess is they are working on the Initial Mineral Reserve 43-101

I don't think we will be waiting much longer for some kind of a real BIG news release

JMHO  What say you other LME Longs??

Cheers to a short wait, after being Longs long enough

[Talkstock]

Good post. Please explain what is 43-101. Has LME already drilled/explored the Brenbar area yet? 

[DAM$]

43-101 is a set of standards set out by the Canada Institute of Mining that protects investors from exagerated estimates by mining companies to inflate the stock price.  Inferred Mineral Resource estimate done to NI43-101 standards is what we are referring to that support mine planning and evaluation of the economic viability of the deposit. I just shorten it to the 43-101 As everyone

[Talkstock]

Thanks for the explanation. I was searching for this info(estimated deposit qty and structure) few weeks ago but didn't really know the technical term. Now I know what to lookout for.  I think a positive 43-101 would definitely move the price. Let's hope we see that soon.