Bullboard - Stock Discussion Forum 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... see more

TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc. > Laurion files MDA (Management Discussion and Analysis)

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Post by goldenI on Aug 26, 2022 12:52pm

Laurion files MDA (Management Discussion and Analysis)

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00008590

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Comment by goldenI on Aug 26, 2022 2:17pm

Looks like they have about 8M in cash. Another 2M if in the money warrants are executed. At the current burn rate it is hard to see how they go into next year without issuing more stock (not neccesarily a bad thing). In the event that they need to issue more warrants, I hope that @Jdsocials analysis is correct and that there is a movement in the stock to $1.50-2.00 by October. That would ...more

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Comment by DAM$ on Aug 26, 2022 2:40pm

I would say that they are in a great position with 8-10 million as they only spent about 2-3 million in the first 6 months of this year on drilling. They have enough in my opinion to drill twice as much as they did this year.

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Laurion Mineral Exploration Inc.