Lion One Metals Ltd V.LIO

Buzz on the Bullboards: Major developments amidst market dynamics

[blessings20]

Onyx, Lion One, i-80 Gold, and Red Pine Exploration Updates from Dr. Quinton Hennigh (youtube.com)

[nozzpack]

https://www.kitco.com/news/article/2024-05-16/2500-gold-play-week-forexcoms-james-stanley

[Puma1back]

I am just being conservative on the numbers nozz - $15m in revenue would be a good thing nozz. if they come in higher  as you consider, given grade improvement, all the better.  

[Jonathon Brown]

Several TSX-listed companies are making headlines with significant updates, strategic movements and quarterly reports. read article.

[nozzpack]

You assume only development grade ore will be mined which is not true....grades began increasing in early May, and mineralized ore will flow through the mill. I stick with 7000 ounces for this

[Puma1back]

sorry - forgot they report in cdn dollars so Revenues could be $12.5 million to $14 million in Q4.   

[Puma1back]

looking at the MDA they did 450 oz in 10 days of May so if they can duplicate Q3 and do about 80 days should be close to 4000 oz. So more like $9 million in Q4 revenues, but cost of sales is the key

[nozzpack]

$10 million per quarter is just 3000 ounces of Production and my estimate is 7000+ ounces for Q2, so another equity raise at exit June is unlikely to be needed....might even be in cash 

[Puma1back]

Well it is pretty easy to see why they had to do the capital raise. They ended the 3qtr with the $12m capital raise in the bank. the run rate was $10 m a qtr for the last 2 qtr's so they have

[nozzpack]

1200 ounces up to May 10. 400 tpd for May 15 to June 30 = 18000 tons of ore. Grade ? Its increasing rapidly and the recent very high grade near surface drill resukts were stated to be mined this

[sonic21]

May numbers of 400TPD at 5g/t and over 80% during the pilot phase is a good first step towards brake-even. Q3Y24 should be it.

[reddog11]

nozzpack, We are on the same page from the look of your links. I have a group of juniors and it has been a slog for sure. Its probably why I was so dissapointed in the LIO PP when gold was just

[nozzpack]

$35 Trillion in debt means that the US can only stave off a major recession by keeping its interest rate below the current 3% inflation......Currently with inflation at 3% and interest rate at 5%, the

[nozzpack]

https://www.zerohedge.com/the-market-ear/metals-and-miners-fire

[roberto146]

About 5 days to go for Q1 report ... ? Nothing on SEDAR yet.

[nozzpack]

That copper gold porphyry discovery could be worth big money .. https://www.zerohedge.com/commodities/visualizing-copper-investment-opportunity-one-chart