Laurion Mineral Exploration Inc. V.LME

Stock price and TRUE value...two very different things

[DouglasGVass]

I understand investor frustration when you see the price of the stock dropping but this is NOT the time to "throw in the towel."  The company focus has not changed and everyday that goes by while Gold is pushing higher the TRUE value of your shares is going UP.  If the price of Gold was falling and the demand for minerals was decreasing it would make sense to worry.  LME is positioned perfectly in one of the most mining friendly regions in the world.  If LME's primary property was in West Africa, Indonesia, Mexico, or South America there would be reason to worry with geopolitical uncertainty increasing.  LME is one of the few "brownfield" exploration companies with proven gold reserves in Ontario or Quebec.  There are few prospects for feasible open pit surface mine candidates in Canada and LME is one of them.  Do you think that LME is a viable "take out" target for "Smart money" as they anticipate higher future gold prices and increasing demand?  Of course it is.  What might they be willing to pay?  I don't know for sure but one thing I do know is the last few juniors that were bought out for between $200-250USD per ounce of gold in the ground.  This price per ounce is determined by the spot price of Gold (currently at all time highs) and the estimated cost to extract (mine) the gold.  Argonaut Gold's Magino mine, next door to the Ishkoday,  just published their cash cost estimates of $1050-1200/ounce.  You do the math!  Have a great weekend!

[Not2smart]

Can someone please do math for me :)

[Bracko]

https://www.theglobeandmail.com/amp/globe-investor/infographic-gold-mining-cost-comparison/article20708499/   https://www.theglobeandmail.com/amp/globe-investor/investment-ideas/how-much-does-it-really-cost-to-mine-an-ounce-of-gold/article20709844/ From the Golbemail articles ,hope it can answer  your question   

[Nuggetz]

LME proves  7 million Geo = BO of  1.75 B  8 million Geo = BO of 2 B  10 million Geo = BO of 2.5 B and so on, and thats at the price of 250 oz  now just think if LME gets 300 to 350 oz 43-101 was between 2.5 and 5 million GEO and thats not all the data.  Add 2 or 3 mill or more  to the 43-101  who knows Dream Big 

[HectorgoldAU]

And mee too. I dont get it. What price will lme sell for? How many geo they have? Seems like we get $300 per geo from what people said the other day. But missing how many geo.  Why the small drill programs still ? If they keep finding more y not be more aggressive with drilling? If they have such good finds and told more people theyd get more money so seems like they should drill as much as

[Toddsquad]

Dean, Thanks for an energizing close for the weekend.    I note that the Magino Mine (Near Dubreuilville) is ~5 Hours east of Ishkoday(Near Beardmore), whereas the new Equinox Greenstone Mine is only ~1 Hour east of Ishkoday (Beardmore).   On February 22, Ahsineeg posted the recently published Equinox Financials where the forecasted 'Cash Costs' of the

[ahsineeg]

A point of clarification, the CASH COSTS ($/oz) at Greenstone is $690 - $790 / oz, HOWEVER, I prefer the more conservative metric of All in Sustaining Costs (AISC) of $840 - $940 / oz.  Greenstone is super cheap to mine, and that's great for LME. You can all read the latest greenstone update here. (Equinox Presentation) Page 23 has the Cost Guidance.

[ahsineeg]

To further add to my last post, here is the Presenation that Doug referred to for the Magino Mine, owned by Argonaut Gold.   (Specifically look at Page 8 for Guidance) . CASH COSTS are estimated to be $1,050 - $1,200 / oz, and AISC is estimated to be $1,650 - $1,800 / oz.  Those are terrible unit economics and from what I understand (and compare to Greenstone) the Ishkoday will have VERY

[fatlas]

I read Doug's announcement to indicate that he would / could earn up to 250,000 options according to a vesting schedule that I assumed would be at least a couple years long.  Doug?

[Thebluestroy]

Probably true, however, I think if a BO occurs they vest automatically and then its a no brainer to exercise them. 

[ProbGetBanned]

Hey Doug,  maybe you should forward this in an email to the directors as they believe "this is the time TO SELL"  also how am I able to get the next investor relation services title and be awarded 250,000 in stock options to throw some chat GPT responses in here