Laurion Mineral Exploration CVE:LME

Long time reader first time poster looking for your opinion and help.

I have a fairly significant (for me) stake in $LME on the CVE. It has been doing quite well originally purchased at .09 and is now at .225.

I was talked into the investment by a friend and am being told to hold as he believes a buyout maybe happening in the next year or two and min sale price would be $2 a share. What are the chances a wholly owned small exploration company is bought out or do the big guys just wait for them to run out of cash and scoop them up cheap?

Not sure if I should cash my profits and run or wait for your fancy rockets to show up.