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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.W

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

Post by heybulldogon Mar 09, 2021 11:17am
313 Views
Post# 32752444

Price

Price
I haven't been too concerned about the price. Everything has been hit with the downdraft of gold although today's rise has been tepid so far.
Lion will make investor's money going forward but one must temper their expectations. If one keeps reading all the hype on bullboards such as CEO you will be disappointed.  Talk of 15 to 20 mil oz's is hype at this point. Sure it might be there but not at the pace Lion is going. For example to prove up a 10+ mil oz resource Great Bear has a  175,000 meter program which will bring the total to 400,000 meters. Compare that to a 20,000+ meter program Lion has. Think snail.
The other problem is the person with severe procrastination issues.  The market is looking for more than good drill results at this point. The building of a mill will be the game changer and the fact we've gone this long without one being announced is disappointing. Hopefully that will change.

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