Laurion Mineral Exploration Inc. V.LME

overall positive?

[newbie8484]

what is everyone's general feeling with the AGM? I think it was pretty positive overall. The reality is is there's gold in the ground. As much as they didn't indicate a buyout, that never should be expected.  Also, if they didn't talk about future drilling programs, that would be a huge red flag to regulators as well i'm sure. They need to contribute and appear to continue to have a plan, regardless of if an acquisition is on the table. The fact that their 2024 drill plan wasn't overly detailed I think it's a positive sign.

[Lambosntendies]

Positive - not much has really changed. We seen a bit of a dip in FandF ownership down to 72% but insitutional investement went up to 16% Drilling costs are $230/m as opposed to other companies up north havingto spend $600-$700/m -net positive Turnaround tiimes for assay results at the local lab is 4-5 weeks which is less than the several months I was initially thinking - Cynthia and the team

[StevenHunter]

Hello Lambo! The $6.9mm cash is separate from the proceeds of the flow through because the latter must be spent on exploration.  To call it hard cash isn't actually accurate so when you pile the 2 together you get approx. $10mm for operations for LME.  Advantage shareholders. I agree that the turnaround at the lab was a surprise.  I was thinking the same 2-3 month timeframe

[Toddsquad]

...perhaps the ~revised turnaround time (4 - 5 weeks) is 'fond desire'.  Have we established a target completion date for the current drill program?  This Assay delivery timing will likely be impacted by the xmas/new year break.  Regardless, ability to deliver assay results within 4-5 weeks is an aggressive aspiration worthy to monitor.

[Weirdo]

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[Cntrl8]

I believe someone mentioned that she is also at an age that she must realize it cannot go one for a few more years. Hopefully the momentum to get it done remains and all the talk of drilling and MRE is strategic talk and not so much wanting to do it.