Laurion Mineral Exploration Inc. V.LME

Bull Flag setup > 5 Year Staged Strategy Reaching Completion

[JamesTB]

Weeks if not days away from a techincal bullish pop up above ATHs, looking at target of $1.20 to 1.30. If combined with positive assay and AGM related or material changing news. Watch out. 

Anything below $1.50 right now in my opinion is a speculative BARGAIN. 

Also - I highly recommend you go to the companies updated Corporate Presentation, see page 8, and notice their "DEFINED STRATEGIES TO ACHIEVE OBJECTIVES" shows their 5 year plan, Stage 1 in 2018 through Stage 5 in 2022, and nothing beyond 2023 is noted. 

PowerPoint Presentation (laurion.ca) 

Perhaps I am reading between the lines too much, but if the company operates on 5 year scopes, why wouldn't they update this out to 2026 given that we are reaching the last year of their 5 year scope? Unless we are at a crossroads where Laurion is about to either be bought out, transition to a new program, or perhaps announce a resource component?

See excerpt from page 8 below. 

STAGE 1 - 2018 -100% COMPLETED
INITIAL FIELD VALIDATION EXPLORATION PROGRAM
Compilation-synthesis work (2D) and collection of initial field data and sampling ascertaining true gold and gold/base metal upside potential Complete 3 stripped trenches (14,905m² ) with channel samples and grab samples (1,429 Samples)

STAGE 2 -2019 - 100% COMPLETED
DELINEATE SIZE POTENTIAL OF MINERALIZED SYSTEM
7 strategic lines/trenches (25,773m² ) for geology and trends Channel sampling, assaying (3,338 samples) Executed 6km x 1.5km Target Area Magnetic UAV survey, plus additional ground surveys (Orthophotos) Initial determination of potential for bulk tonnage resources model incorporating polymetallic veins

STAGE 3 - 2020 – 100% COMPLETED
STEPS TO DEFINE SIZE OF MINERALIZED SYSTEM
Refurbishment of core facility Acquisition of Brenbar property – mapping and channel sampling In-fill ground I.P Geophysical Surveys (A-Zone, Sturgeon River and Brenbar) Executed (31DDH) 7,937 m of diamond drilling on targeted anomalies (A-Zone, CRK, Joe and McLeod) Completed 2D and 3D extensive, comprehensive GIS database

STAGE 4 - 2021 100% COMPLETED
(2020) DEFINITION AND EXPANSION OF MINERALIZED SYSTEM
Geological and Geophysical Modelling – generated initial genetic mineralization model Confirmed volcanogenic mineralization over 1.4km Strike length – (A-Zone to McLeod Zone) Executed (23 DDH) 8,930 m of diamond drilling on targeted anomalies LiDAR/Orthophotos to 5m elev. completed over all Ishkoday A-Zone and MacLeod Zone Stripped and channel sampled North Ishkoday - Geochemical program completed, identifying large copper anomaly

STAGE 5 - 2022 – EXPANSION OF MINERALIZED SYSTEM
15,000m drilling – Infill and definition drilling (A-Zone to CRK Zone) – Approx. $2,7mill Property-wide mapping - $50k Trenching/channel sampling of Jack Road and J-Vein (west extension of A-Zone/McLeod/CRK) - $140k Data management/geological/geoscience consulting supervision -$500k

[DAM$]

I have been reading between those lines since June and scratching my head trying to figure it out. What company makes a 5 year plan and completes it under budget and doesn't have a future plan to announce at it's completion or logically before so we know what's going to happen next. Other than the corporate governance to sell for cash.  Even while we await the buyout tell us you

[matlas]

Guys- To me the reason for a lack of any extention of the 5 year plan is quite obvious and quite bullish. I think it is hinted at in what Roger posted on Facebook on June 14, when explaining why they chose not to go to PDCA this year: "LME's decision was that all hands are on deck focused on LAURION's Ishkoday Gold, Silver, Copper, Zinc Project 'endgame' (aka to be acquired