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Bullboard - Stock Discussion Forum Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

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

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Post by Smitty64 on Feb 15, 2024 9:24pm

2 Questions:

1. Why did they publish this “MRE” now and not wait a few weeks/months to tack on the strong results from the 2023 drill program?? I would assume doing so would bring up their “averages” and strengthen their overall findings. Why the rush when we have completed results documented that have now been left out?

2. Since this is not an “Mineral Resource Estimate or an Economic Feasibility Study” but it is a “independent assessment of the value of continuing exploration of the Ishkoday”, will they be producing an ACTUAL Mineral Resource Estimate sometime this year as they officially stated they would in a past PR? Or is this what they meant?
Comment by DAM$ on Feb 15, 2024 10:25pm
1. Maybe because it was required to close a deal. If they had waited to start it until they had the latest assay results we wouldn't have seen this report until May when you'd be asking why they didn't wait until the March drill results were in.  2. No. This is all your getting. This isn't what they meant but instead it is what they said they were doing at the AGM. We read ...more