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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.W | LOMLF

Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.


TSXV:LIO - Post by User

Bullboard Posts
Post by heybulldogon Feb 05, 2020 4:34pm
192 Views
Post# 30648131

I Had a Dream

I Had a Dream
Well great news release on CSAM results. All those colors we want to see indicating massive potential resource. This is indeed a once in a lifetime opportunity.  But just a minute. What is that I see buried in the news release? Oh the bury some bad news in a truck load of information trick.  Turns out hole TUDDH494 has been stopped at 748M  "due to the capacity of the diamond drill to continue drilling HQ-sized core beyond this depth." So now we've moved on to another hole and will have to wait the additional time to get any further results.
Oh - and no further word on any additional word on more drill rigs. It was on Dec 6 that the PP was closed and still no word on drill rigs. We can have the biggest potential in the world but if you don't drill it...................Tier One project.....Tier ? management.

I had a dream last night. I found myself in Lions boardroom.....I heard this:

Senior Lion Management (  SLM )

Sir we have located 3 drill rigs at a reasonable rate that can be here in 14 days.

Mr. Procrastinator (P):

I don't know. A rancher is advertising for cheap 3 old rigs left on his property in Arizona. I'll fly down and kick the tires. After all "my" gold....I mean "our" gold is safe in the ground.

SLM:

How about the plan to build a small processing plant with an excellent risk / reward ratio to provide cash flow to fund an aggressive drill  program?

P:

Oh that's a big decision - many things could go wrong. Let's see the direction gold goes in 2020 and then take another look at it.

.....................then I woke up..........OMG. :) :) :)

Kidding aside still long but growing impatient.

 

 
Bullboard Posts