Laurion Mineral Exploration Inc V.LME

Narrow widths

[PtPdAu]

Narrow widths, erratic assays, dozens if not hundreds of holes, lots of barren rock between, tremendous dilution for mineable widths, no resource estimate, where's the appeal for this project ?

[fatlas]

Narrow widths? It's called a channel sample cut out of the rock with a two bladed saw. I doubt the distance between these two blades is narrower than normal.  Erratic assays?  Gold everywhere they grab, channel sample and drill. Seems pretty intentional to me.  Dozens if not hundreds of holes? You say that like it's a bad thing - it isn't.  It's a really

[PtPdAu]

Your definition of mining terminology is hilarious, maybe consider booking a time slot performing on the comedy channel.  Please, Please ...Research and educate yourself a litlle before throwing away anymore money. To start with.. Narrow Deposit "Widths" verse Economic Mining "Widths" Nobody cares about Blade "Widths" on a rock saw.. LOL

[DAM$]

Welcome to the board as the latest itiot. I see you just created your profile a dumped on 6 different stocks.  I can't wait for your next insightful analysis 

[CharlieBaba13]

Per Dam, I also noticed your account is a week old.  based on your post, I assume you're not a share holder.  can I ask the reason for your post?  can you elaborate any further on your original post.   I'm no geologist, but I am very bullish on LMe.   The only two red flags to me are a board member selling shares (Obvs that's a big one) and the loose

[PtPdAu]

Many years of exploration, narrow irregular veins, erratic assays, barren rock between, many millions expended, hundreds of holes, no bulk sample, "Not Even a Resource Estimation", 267,000,000 shares, why would there be a buyout, 41 cents, good luck, Not happening, LOL

[JoJoHairBlo]

This post has been removed in accordance with Community Policy

[ProbGetBanned]

Is there a stock you like? Looking at your post history it doesn't look like it. Why don't you stay away from juniors since you obviously can't comprehend the progression of one. There's lots of easy stocks go make your 6 percent a year. 

[GoGosCousin]

I can almost guarantee PtPDAu doesn't own a single share in any of the companies he's posting about. Just a sh!t head trying to stir the pot.

[ProbGetBanned]

Should have to post your position before commenting lol

[CharlieBaba13]

Doug, would you mind commenting on this guys posts?  ...what's LMEs or your personal rebuttal to this? 

[Twiggie]

I would appreciate his thoughts on this as well. 

[PtPdAu]

So would I, Where's The Beef ? Ha ha ha... LOL

[PtPdAu]

Where's the cross section plan of the orebody? Where's the rebuttal ? Where's the Beef ? A buyout, good luck. LOL

[TheWrench55]

Why would somebody waste precious minutes of their life posting negative comments on a forum of a company they don't like???? Possible answers: -They wan't the price to drop so they can buy more. -They are shorting  -They bought higher than the current price and are now bitter Which one are you?  Where's the beef?

[PtPdAu]

Where's the Orebody ? Show me the cross section plan and intercepts, where's the tonnage and grade? Where's the beef ? ....ha ha ha  LOL

[PtPdAu]

2 year chart looking bad bad bad... LOL

[DAM$]

This post has been removed in accordance with Community Policy

[PtPdAu]

Thankyou for confirming that they do not have any cross sectional plans of an orebody. Just huge veins of gobledeegook mining terminology....ha ha ha. LOL

[GoGoWings]

Ya mean otha den the 2 operatin mine shafts on tha property? fool  he aint wrong bout all inferred tho           Thatz why dis is $2  

[Beaker1965]

Two dollars. Is that before or after the Bo price is halved, because that's how deals are done?

[Twiggie]

What makes u say 2 dollars when others say much more. U don't give good reasoning. Explain please

[ProbGetBanned]

Gogo you obviously must have all this insider knowledge. Being you got  us Roger's post and then he deactivated his FB. So since u have these connections and all u ever spew is 2 dollars I'm inclined to believe you but give reason in a normal way because you've talked normally before as to why this is a 2 dollar buyout not a 8-30 dollar buyout? Explain it to the dummies ( me

[Planthouse]

Think it's important to signal that there are several posters on this forum with connections that had access to Roger's post. But, as someone else said, no one was dumb enough to post it on SH. Others have posted strong evidence this should sell for anywhere within the $8-$30 CAD range. Gogo has already explained he thinks it's $4 but split in half because that's how deals work

[CharlieBaba13]

Planthouse, please continue....what do you think it will sell for?....and this year or next? 

[GoGoWings]

2 bux iz tha MOST we get buyerz dont pay 4 modelz n maybes  deal gonna be less den that gr8 return on $ $ $      $  

[LTMG2500]

I agree with Gogo. As much as people make fun of the cut the price in half because that's how deals work I believe what he means is that there is a risk discount without an MRE. Does anybody realistically know how many Geo's are in the ground? We've heard rumours but that's about it. I'm assuming if LME had an $8 offer they would have taken it. They're probably getting $1

[JoJoHairBlo]

Well I'm sure glad you're not the one running LME !!!

[Mattheu11]

A 2.00 haircut would be great for those purchasing not for those selling! Believe if it was a 2.00 number that would have happened long ago when stock as at 1.00 plus. This is what it is.. a highly coveted property held in place by f and f. Quietly under the rader institutionally but likely coveted by industry watchers. lme long

[PtPdAu]

A channel here, a grab over there, more prospecting way over where ? new areas? where's the orebody ? where's the definition drilling ?, where's the resource  estimate ? What's the tonnage & grade ? More gobledegook on a non existant buyout... ha. Ha ha ha LOL

[Stepinup]

Yo, thanks for droppin’ dat knowledge. You on point, fam. Ain’t no gold up in dis joint, no buyout, nothin’. You laid it dwn so good, I’m finna sell dis stock and bounce over to dat Nvidia hustle. Now just gotta figure out how to tell my girl she ain’t gettin’ dat new ride after dat buyout she was hyped for.   

[GoGoWings]

This post has been removed in accordance with Community Policy

[Since2019]

Why don't you "bounce" over to an English class while you are at it... sorry if inappropriate but I can't read this garbage anymore.  Everyone needs to stop this behaviour.  If people aren't happy then move on, no one is making you keep your shares.  I've been in since 2019 and not leaving anytime soon:

[littledude28]

bro just mute them

[PtPdAu]

Narrow irregular Quartz veins, erratic assays, running around looking for new showings at the last minute to find an orebody that doesn't exist, no resource estimate, no buyout, especially at these prices, ha ha ha ha LOL

[Soldsign]

Somthing good must be in the works! The Trolls are out. Very pleased to see the negativity. 

[Golden7777]

I only learned about the ignore poster option today.  So nice to not have to see their spam

[PtPdAu]

No answers to my questions on this board ? Where's the Ore body ? where's the resource estimate ? What's the Ore tonnage ? What's the Ore grade ? Nobody know ? Come on folks, where's the Beef ? Ha ha ha ha ... LOL

[Soldsign]

I was at McDonald's tonight and tried there new big mack. Found the beef! Hahaha! 

[PtPdAu]

Quote From the Report   "exploration potential of 22.5 to 45 Mt at an average grade between 0.11 g/t Au and 8.67 g/t Au" "The grade and tonnage values are conceptual in nature and should take as a range of possible grades and tonnages present on the property. There has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will

[Links2000]

WOW! Thx for sharing your proven in depth experptise. I am out of this raquet. I am going to a hamburger joint and buying a all beef burger!  

[PtPdAu]

 "0.11 g/t Au" is from the companies consultant report.. Never going to be a mine at that grade, where's the Beef !

[PtPdAu]

They don't have any reserves ! they don't even have a resource estimate ! all they have is a consultants report ! The grade drops to .11 g/t as the majority of assays are under a metre. With an iffy 1.5m minimum mining width the dilution with wall rock is horrendous. What Reserves...there's no open pitable material here, 1.5 metre width is the worlds smallest pit,,, ha ha ha ha ha. LOL

[PtPdAu]

Water permits are weeks to months, not 4 + years.... give it a break silly people with the big dreams... they do not have any minable Ore for a pit let alone an underground operation @ .11 g/t Au...ha ha ha ha ha ha. LOL

[ahsineeg]

It's not a water permit.  It's to understand the impact that the proposed mine will have on the environemnt.  You can read up on Environmental Baseline Studies here: https://www.micon-international.com/environmental-baseline-studies/ "These individual assessments may take several years to complete and each should be documented in individual reports. These assessments

[PtPdAu]

They talk of pumping out an abandoned old shaft, where's the new mine to be located? they haven't even defined a minable orebody, not even come up with a viable resource estimate, ha ha ha ha ha LOL

[ahsineeg]

You are correct. They have NOT defined a mineral resource.  That is a very legally specific and very expensive thing to do.  I was at the AGM and sat a few seats down from the qualified person, JP..  He specifically said at the AGM that there was a lot more drilling to do to meet the technical requirements to "define a resource".  But the 3D model was developing

[PtPdAu]

Thanks for confirming I'm Correct. They have nothing bankable or ready to sell, not even a resource estimate. Interesting the company only has one property they spend money on. From what I can see they have blown $ 16,000,000.00 from 2019 to 2023. That's a lot of cash, and they are still frantically at the last minute running around to far corners of their large land holding prospecting

[PtPdAu]

Unbelievable but true, 267,000,000 shares, $0.42 / share , market cap of $112,000,000.00 and no resource, who's going to buy into this...?

[PtPdAu]

How about questions of substance ? Any folks on this board have knowledge, estimates of the company's  present cash at hand position? 

[ahsineeg]

The latest financial filings came out on SEDAR+ Aug.8, 2024 at 17:12 EDT. As at June 30, 2024, LME had: $6,312,519 cash and cash equivalents $2,523,446 restricted cash (can only be used for qualified mining exploration expenses) TOTAL CASH and equivalents was $8,835,965 on June 30, 2024 Also of note, LME has receivables of $351,514.  This consists of a GST/HST refund of $160,414 and

[NoRealPlan]

Thanks for this update. It's the reason why they can't go crazy with drilling... The progress is strong considering they have $9mil in savings. Assuming they don't raise any more money, I think they could continue to drill and explore for another 2+ years on that $9mil. Strong stock, pretty risky to short it. I'd like a current wealthy shareholder to pick up those 500k

[mithril56]

Nick Ierfino? Is that you??? (jk)

[PtPdAu]

$9.1 million cash, 267 million shares, puts the company cash value at 3.4 cents per share, that's a big difference from 42 cents its trading at. Remaining cash should be spent on defining the invisible ore body.

[ahsineeg]

Current price of gold in Canadian Dollars: $3,371 / oz  Other assets to consider:  *10,327 oz gold in old waste rock stockpile  x $3,371 / oz = $34.8 million CAD *80,000 oz of gold in the old sturgeon rivermine shaft x $3,371  / oz CAD  = $269.6 million CAD  + $9.1 million CAD cash = $313.5 million CAD of gold and cash assets  / 267 million

[PtPdAu]

The cash can be accounted as 100% cash value but, and it's a big but, the suposed gold in the ground can't be assigned at 100 %. You forgot to take in to count the cost of mine construction, mining, milling, smelting, refining... the gold. All gold properties have some gold in the ground, few can be extracted at a profit.

[Mattheu11]

Why does it feel like the comments are like a merry go round at times?  Looking forward to the day when we all get off and enjoy the amusing daily banter!  

[ahsineeg]

I'd rather have more gold in the ground than cash in the bank.  Cash in the bank becomes worth less due to inflation.  Cynthia is using LME's cash to both explore/drill, ultimately increasing the intrinsic value of LME (good for shareholders), AND earning interest on the amount she doesn't immediately need to put to work.  This is why have earned interest income of $191

[VancouverLad]

Give this man some shares, Cynthia. Thanks a ton for writing up these posts, ahsineeg. They offer a well rounded view of the situation and a reminder of facts forgotten.

[PtPdAu]

 Equinox gold , 6 months ending June 2024 1.3 billion  dollars in debt, 435 million shares, bottom line 6 month loss of 6 cents per share.

[ahsineeg]

The Greenstone mine is one of many mines that Equinox operates.  When you did deeper into their portfolio, you see that the Greenstone mine is the BEST mine they own.  It is expected to be it's lowest cost mine, and produce the most gold.  That's why they paid $$$ to aquire 100% interest. When you analyze the Equinox mix of mines, it really makes you appreciate how

[PtPdAu]

LME's consultant's report stated the property had a conceptual grade as low as "0.11 g/t Au" . Obviously the consultant had full access to LME's Data Room. That is not a minable ore grade and definitely unprofitable.

[Mattheu11]

I'm all for objectivity but what's your end game? If you believe in the product you purchase if not why regurgitate the same post over and over?  you need to take your life from negative to positive. I totally get the for you this is constructive criticism, but if you are mentally out then move on. 

[ahsineeg]

The Technical Report that LME published is 101 pages long.  It is important to consider the report in it's entirety to ensure nothing is taken out of context and misinterpreted.   The Ishkoday property has several zones that make up the Mineralized Corridor, which is currently about 6km x 2.5km.  The table below is from the Report, and lists the various zones. What is

[Golden7777]

Thank you as always for your well thought out and informative posts.  I am so happy I have some people muted here

[Soldsign]

Looks like ahsineeg found the beef... lol 

[PtPdAu]

101 page consultants report with a Bottom Line Conclusion, a conceptual grade as low as "0.11 g/t Au" . Ha ha ha ha ha LOL Where's the Beef ? None at LME  that's for sure..

[ahsineeg]

As I mentioned earlier, it's easy to fixate on some numbers over others.  It is in every investor's best interest to read the entire report, and speak in whole and complete sentences.  You have neglected to state the higher end of the grade range across all zones in the mineralized corridor.  See screenshot below.  Based on the grade qualilty for each of the zones

[PtPdAu]

LME Bottom Line Conclusion, a conceptual grade as low as "0.11 g/t Au" No Beef Here...  43 cents , how about 3 or 4 cents !

[Randz2000]

Don't feed the troll.

[PtPdAu]

Shareholders soon losing weight due to No Beef starvation.. LME Bottom Line Conclusion, a conceptual grade as low as "0.11 g/t Au" No Beef Here...  43 cents , how about 3 or 4 cents !

[ahsineeg]

Every company that does work to define and develop a mineral resource would have a report that specifies different grade ranges across multiple zones.  This is totally normal and expected.  I previously shared examples of this.   It should be very encouraging to see the share price float up, and as of this morning, the wall at $0.45 that was trying to supress the share price

[PtPdAu]

Maybe those narrow LME irregular Quartz veins @ .11 g/t Au could be worth a 4.4 billion buyout...Ha ha ha ha ha LOL

[PtPdAu]

Larger share holders slowly selling out , no resource and potential grade of only .11g/t Au. No Wonder !

[PtPdAu]

Not much here to get excited about, but yapping up a nothin burger, where's the BEEF ? Possibly only .11 g/t Au. 

[Beaker1965]

Have you tried looking in any well know steak houses? You are bound to find the beef there 

[DouglasGVass]

I will not waste my time with uneducated, self serving posts. DAM$ is correct. LME has proven the existence of massive veins of gold stretching for hundreds of yards in multiple locations over the 52 sq kms. The proof is undeniable if you take the time read the data at www.laurion.ca The future is bright!

[DouglasGVass]

  *57.43 km sq.   

[PtPdAu]

57.43 sq. Km of barren rock between grab & channel samples, where's the resource estimate ? Where's the beef ? Ha ha ha ha LOL

[Twiggie]

Can you explain your comments more please. You are obviously displeased about something, please elaborate. If you know something we dont, I would love to hear it. Without all the beef talk. Although I do have a sudden craving for a Baconator now. 

[FaxNoPrinter]

PtPdAu's beef is a nothing-burger. Friends, let's not feed the trolls. 

[Cnb567]

Strange way to say you lost all your money buying at a dollar lol. 

[ilovexau]

Ha ha ha ha LOL... I think ppt with his insecent,  redundant and repetitive posts has an alterior motive and he has a very limited hymn book to sing from. You can keep asking the same questions but they are the wrong ones. Likely a short, or just a posting junkie looking for something to feed his ego which I suppose I am doing now, ha ha ha ha LOL.  I suggest he does his research as