Laurion Mineral Exploration Inc. V.LME

Chat GPT

[Smitty64]

Bored and using Chat GPT to pass time: 

"How many GEO's can be determined from the NI 43-101 Technical Report for Laurion Mineral Exploration Inc?"

To determine the estimated Gold Equivalent Ounces (GEO) from the NI 43-101 Technical Report for Laurion Mineral Exploration Inc.'s Ishkoday Property, we need to analyze the reported mineral resources and convert them into GEO based on the grades of gold and other contained metals, if any.

The NI 43-101 Technical Report indicates:

• Mineral Potential: The Ishkoday Property has an estimated potential ranging from 22.5 to 45 million tonnes with an average grade of 0.11 g/t Au to 8.67 g/t Au across various mineralized zones (MarketScreener) (Newswire).
• Historical Production: The Sturgeon River Mine historically produced 73,738 ounces of gold from 145,123 tonnes of ore (Newswire).
• Recent Drilling Campaigns: Recent results show promising grades, with highlights including drill intercepts of up to 7.99 g/t Au in specific drill holes (MarketScreener).

Calculation of GEO:

For a basic estimate, consider the average grade and tonnage provided:

1. Lower Range Estimate:

   • Tonnage: 22.5 million tonnes
   • Average Grade: 0.11 g/t Au
   $$\text{GEO} = 22,500,000 \text{ tonnes} \times 0.11 \text{ g/t Au} = 2,475,000 \text{ grams of gold}$$

   Convert grams to ounces (1 ounce = 31.1035 grams):

   $$2,475,000 \text{ grams} / 31.1035 = 79,586 \text{ ounces of gold}$$

2. Upper Range Estimate:

   • Tonnage: 45 million tonnes
   • Average Grade: 8.67 g/t Au
   $$\text{GEO} = 45,000,000 \text{ tonnes} \times 8.67 \text{ g/t Au} = 390,150,000 \text{ grams of gold}$$

   Convert grams to ounces:

   $$390,150,000 \text{ grams} / 31.1035 = 12,543,568 \text{ ounces of gold}$$

Conclusion:

Based on the NI 43-101 Technical Report for Laurion's Ishkoday Property, the estimated Gold Equivalent Ounces (GEO) range from approximately 79,586 ounces to 12,543,568 ounces, depending on the tonnage and grade assumptions used. This broad range highlights the potential variability in resource estimation and the importance of further exploration and drilling to refine these estimates.

For more detailed information, the full NI 43-101 Technical Report can be accessed via Laurion's website or the SEDAR+ platform:
 

"Based on the lower range and upper range estimate, current outstanding shares of Laurion Mineral Exploration, and todays current price of gold what would Laurion be able to sell for (estimated)?"

Based on the provided estimates and current data, here's the potential valuation for Laurion Mineral Exploration Inc.:

1. Lower Range Estimate:

   • GEO: 79,586 ounces
   • Value of Gold: $79,586 \text{ ounces} \times 1900 \text{ USD/ounce} = 151,213,400 \text{ USD}$
   • Value per Share: $\frac{151,213,400 \text{ USD}}{263,346,102 \text{ shares}} \approx 0.57 \text{ USD/share}$

2. Upper Range Estimate:

   • GEO: 12,543,568 ounces
   • Value of Gold: $12,543,568 \text{ ounces} \times 1900 \text{ USD/ounce} = 23,832,779,200 \text{ USD}$
   • Value per Share: $\frac{23,832,779,200 \text{ USD}}{263,346,102 \text{ shares}} \approx 90.50 \text{ USD/share}$

Summary:

• Lower Range Valuation: Laurion Mineral Exploration Inc. could be valued at approximately 151.2 million USD, translating to 0.57 USD per share.
• Upper Range Valuation: Laurion Mineral Exploration Inc. could be valued at approximately 23.83 billion USD, translating to 90.50 USD per share.

These estimates provide a broad range of potential valuations based on the GEO estimates and current gold prices. The actual market valuation would also depend on other factors such as operational costs, market sentiment, and additional resources discovered.

[TraderRC]

Hi Smitty, Thanks for the post and breaking the long silence on the board. So if I read correctly,  we either half the half of the $2 estimate,  or we triple Matlas' $30 estimate.  That's the problem with AI, if you have too much info, you won't get a precise answer. Let's hope it's on the higher range, above to Matlas' number. At least with the new $95

[TraderRC]

Hi All, On rereading the post, ChatGPT is using a gold price of $1900 usd per oz.  Gold is currently  trading above $2300 usd.  However in previous calculations we have used approx $300 usd/Oz to determine a buyout price. So the ChatGPT calculations are all incorrect.  In addition, I highly  doubt there would only be the low estimate of 79000 Oz in the ground.  No

[goldenI]

Is this not the most valuable line in the summary? This broad range highlights the potential variability in resource estimation and the importance of further exploration and drilling to refine these estimates. Also the valuations are based on $1900? Laurion is exploration not production. A more appropriate value might be $250-300.  Still entertaining on a boring day. Thanks.  

[GoldenBull999]

100%...the property total may be worth ~$20 billion to a major that spends $15 billion to realize that bit of profit its more like 5 million GEOs x $300 / outstanding shares = $5.70 USD/ share 

[Lambosntendies]

As nice as 90usd per share would be I would not get my hopes up... The results from the technical report should be broken down by zone for analysis. The tonnage for A-zone 005 is 5.4-10.9. Out of 20 zones in the report the "low-end" of that zone (5.4) is higher than the "high end" of any other zone. It significantly skews the numbers. The same goes for the Avg. AU in the

[Beaker1965]

At 95 USD price, I can upgrade my island purchase from Fraggle Rock to Statten Island